Hourly Compensation for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
Percent Change from Year Ago
IPUUN81292U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.10
Year-over-Year Change
-360.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual rate of change in an economic indicator, providing insight into long-term growth patterns.
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 calculates the percent difference between a current value and the corresponding value from one year prior, allowing analysts to identify shifts in the trajectory of key economic variables over time.
Methodology
Data is collected and calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
Policymakers and market participants closely monitor this trend to gauge the overall health and direction of the economy.
Key Facts
- Annual growth rates can signal economic expansion or contraction.
- The metric adjusts for seasonal factors to reveal underlying trends.
- Year-over-year data provides a longer-term perspective than month-over-month.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric quantifies the annual rate of change in an economic indicator, allowing analysts to identify long-term growth patterns.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important context for interpreting the current state of the economy and assessing the momentum of key variables over time.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects the underlying data and computes the year-over-year percent change.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor annual growth rates to gauge the overall health and direction of the economy, informing decisions and forecasts.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Federal Reserve, though there may be lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81292U121000000), retrieved from FRED.