Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
Percent Change from Year Ago
IPUPN56131T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
-246.43%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in a given economic indicator, providing insights into the pace of economic growth or decline.
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 is widely used by economists and policymakers to analyze the trajectory of the economy, as the year-on-year comparison helps identify long-term trends and mitigate the impact of short-term fluctuations.
Methodology
The data is calculated by the U.S. Federal Reserve using established statistical methods.
Historical Context
This trend is closely monitored by market participants and government agencies to inform economic policy decisions.
Key Facts
- The trend is expressed as a percentage change.
- It can be applied to a wide range of economic indicators.
- Monitoring year-over-year changes helps identify long-term economic patterns.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in a given economic indicator, providing insights into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze the trajectory of the economy, as the year-on-year comparison helps identify long-term trends and mitigate the impact of short-term fluctuations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using established statistical methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by market participants and government agencies to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with occasional delays due to data collection and processing.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN56131T301000000), retrieved from FRED.