Labor Compensation: Earnings: Manufacturing: Hourly for Canada
Growth rate same period previous year, Monthly
LCEAMN01CAM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.49
Year-over-Year Change
-321.86%
Date Range
1/1/1956 - 3/1/2025
Summary
The Growth Rate Same Period Previous Year, Monthly measures the year-over-year change in a specific economic indicator on a monthly basis. This metric is crucial for economists and policymakers to assess the direction and pace of economic growth.
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 series tracks the percent change in an economic variable between the current month and the same month a year earlier. It provides insights into the annual momentum of the measured indicator, which is essential for analyzing economic trends and informing policy decisions.
Methodology
The data is calculated based on monthly observations of the economic indicator.
Historical Context
Policymakers and market analysts closely monitor this metric to gauge the health and trajectory of the economy.
Key Facts
- The series is published monthly by the U.S. Federal Reserve.
- The metric is expressed as a percentage change from the same period a year earlier.
- It is a widely followed indicator of the economy's annual performance.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Monthly measures the year-over-year change in a specific economic indicator on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess the direction and pace of economic growth, as it provides insights into the annual momentum of the measured indicator.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly observations of the economic indicator.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to gauge the health and trajectory of the economy, which is essential for informing policy decisions.
Q: Are there update delays or limitations?
A: The series is published monthly by the U.S. Federal Reserve, with potential for delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (LCEAMN01CAM659S), retrieved from FRED.