Employment for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
Percent Change from Year Ago
IPUUN81292W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.30
Year-over-Year Change
-32.81%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in an economic indicator, providing insight 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 compares the current value of an economic variable to its value from the same period a year earlier, expressed as a percentage. It is widely used by economists and policymakers to analyze trends and identify turning points in the economy.
Methodology
The percent change is calculated by taking the difference between the current and prior year values, divided by the prior year value.
Historical Context
Analyzing percent changes over time is crucial for understanding business cycles, formulating policy responses, and making informed investment decisions.
Key Facts
- The percent change metric is used to track inflation, employment, and other key economic indicators.
- Positive percent changes indicate expansion, while negative values signal economic contraction.
- Analyzing trends in percent changes helps identify turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in an economic indicator, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: Analyzing percent changes over time is crucial for understanding business cycles, formulating policy responses, and making informed investment decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current and prior year values, divided by the prior year value.
Q: How is this trend used in economic policy?
A: Percent change trends are used by economists and policymakers to analyze economic conditions and identify turning points in the business cycle, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly or quarterly basis, with some potential for delays in reporting depending on the source.
Related Trends
Labor Productivity for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
IPUUN8123L000000000
Hours Worked for Other Services (Except Public Administration): Household Goods Repair and Maintenance (NAICS 8114) in the United States
IPUUN8114L010000000
Hours Worked for Other Services (Except Public Administration): Professional and Similar Organizations (NAICS 8139) in the United States
IPUUN8139L010000000
Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
IPUUN812320T301000000
Hourly Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210U120000000
Hours Worked for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 811310) in the United States
IPUUN811310L200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81292W201000000), retrieved from FRED.