Output per Worker for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
Percent Change from Year Ago
IPUUN81232W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.10
Year-over-Year Change
55.00%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percentage change in an economic indicator, providing insight into the rate of growth or decline over a 12-month period.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric is widely used by economists and policymakers to analyze the trajectory of key economic variables like production, prices, and employment. It helps identify emerging trends and assess the overall health of the economy.
Methodology
The percent change is calculated by comparing the current value of an indicator to its value from one year prior.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The percent change from a year ago can be positive or negative.
- This metric is calculated for a wide range of economic data, including GDP, consumer prices, and industrial production.
- Analyzing year-over-year changes helps identify longer-term trends beyond short-term fluctuations.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual percentage change in an economic indicator, providing insight into the rate of growth or decline over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze the trajectory of key economic variables and assess the overall health of the economy, helping to inform policy decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current value of an indicator to its value from one year prior.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data for this trend is typically published on a monthly or quarterly basis, with some potential for delays due to the time required for data collection and processing.
Related Trends
Hourly Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
IPUUN81221U121000000
Labor Productivity for Other Services (Except Public Administration): Personal Care Services (NAICS 8121) in the United States
IPUUN8121L001000000
Labor Compensation for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
IPUUN8123L021000000
Unit Labor Costs for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232U100000000
Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310T301000000
Unit Labor Costs for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
IPUUN81221U101000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81232W001000000), retrieved from FRED.