Labor Productivity for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
Percent Change from Year Ago
IPUUN8123L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
-118.75%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in a specific economic indicator, providing insight into the pace of growth or decline.
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 trend represents the percent change in a given economic statistic compared to the same period a year earlier. It is widely used by economists and policymakers to analyze economic trends and monitor the health of the broader economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on the original economic indicator.
Historical Context
This metric helps inform decisions around monetary and fiscal policy.
Key Facts
- The percent change from a year ago is a common way to measure economic performance.
- This metric helps identify turning points in the business cycle.
- Policymakers closely monitor year-over-year changes to guide their decisions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percent change in a specific economic indicator compared to the same period a year earlier, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year percent change is a widely used metric that helps economists and policymakers analyze economic trends and monitor the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on the original economic indicator.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor year-over-year changes in key economic indicators to inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is typically released on a regular schedule, with any update delays or limitations depending on the specific underlying economic indicator.
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IPUUN812310U120000000
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IPUUN81142T051000000
Labor Productivity for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232L000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN8123L001000000), retrieved from FRED.