Hours Worked for Other Services (Except Public Administration): Religious Organizations (NAICS 81311) in the United States
Percent Change from Year Ago
IPUUN81311L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
0.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' indicator measures the year-over-year change in an economic metric, providing insights into long-term trends and 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 measure is widely used by economists and policymakers to analyze the performance of the U.S. economy over time, as it highlights shifts in key indicators like industrial production, employment, and consumer prices.
Methodology
The data is calculated as the percentage change between the current period and the same period one year prior.
Historical Context
Policymakers and analysts closely monitor this metric to inform decisions around monetary and fiscal policy.
Key Facts
- The series is published monthly by the U.S. Federal Reserve.
- The data is seasonally adjusted to account for regular fluctuations.
- Long-term positive values indicate an expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator measures the year-over-year change in an economic metric, such as industrial production, employment, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze the performance of the U.S. economy over time, as it highlights shifts in key indicators that can inform decisions around monetary and fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated as the percentage change between the current period and the same period one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to inform decisions around monetary and fiscal policy, as it provides insights into long-term trends and growth patterns in the U.S. economy.
Q: Are there update delays or limitations?
A: The series is published monthly by the U.S. Federal Reserve, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81311L201000000), retrieved from FRED.