Employment for Other Services (Except Public Administration): Grantmaking and Giving Services (NAICS 81321) in the United States
Percent Change from Year Ago
IPUUN81321W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
137.50%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the annualized rate of change in an economic indicator compared to the same period one year prior. This trend provides insight into the pace and direction of economic activity.
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
The Percent Change from Year Ago calculates the year-over-year percentage change in a given economic metric, such as industrial production, retail sales, or employment. It is a widely used indicator to assess the strength and trajectory of the economy.
Methodology
The percent change is calculated by comparing the current period's value to the value from the same period one year earlier.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to gauge economic conditions and inform decisions.
Key Facts
- The percent change can be positive or negative, indicating expansion or contraction.
- It is a valuable leading indicator of the business cycle and consumer sentiment.
- Year-over-year comparisons help smooth out seasonal and short-term fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the annualized rate of change in an economic indicator compared to the same period one year prior.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the pace and direction of economic activity, helping to assess the strength and trajectory of the economy.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current period's value to the value from the same period one year earlier.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, analysts, and investors to gauge economic conditions and inform decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, with typical publication lags of one to two months.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81321W201000000), retrieved from FRED.