Hours Worked for Other Services (Except Public Administration): Professional and Similar Organizations (NAICS 8139) in the United States
Percent Change from Year Ago
IPUUN8139L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-130.56%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual percent change in an economic indicator, providing insight into long-term trends and growth rates.
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 change in an economic variable compared to the same period a year earlier. It is widely used by economists and policymakers to analyze economic performance and identify patterns in growth over time.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
Policymakers and analysts monitor this metric to assess the health and momentum of the U.S. economy.
Key Facts
- The metric is calculated as the percent change between the current value and the value one year prior.
- It provides a longer-term perspective compared to month-over-month or quarter-over-quarter changes.
- Positive values indicate economic expansion, while negative values signal contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual percent change in an economic indicator, providing insight into long-term trends and growth rates.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic performance and identify patterns in growth over time, which is crucial for understanding the health and momentum of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health and momentum of the U.S. economy, which informs their decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in the availability of the most recent figures.
Related Trends
Hourly Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231U120000000
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IPUUN812320T301000000
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IPUUN81232L000000000
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IPUUN81292U120000000
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IPUUN812310U110000000
Employment for Other Services (Except Public Administration): Electronic and Precision Equipment Repair and Maintenance (NAICS 81121) in the United States
IPUUN81121W010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN8139L201000000), retrieved from FRED.