Employment for Utilities: Water, Sewage and Other Systems (NAICS 2213) in the United States
Percent Change from Year Ago
IPUCN2213W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
10.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percentage change in an economic indicator, providing insight into the pace of growth or decline over time.
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 performance and direction of the economy. It helps identify turning points, compare relative growth rates, and contextualize short-term fluctuations in economic data.
Methodology
The percent change is calculated by comparing the current value of an indicator to its value one year prior.
Historical Context
Tracking annual percent changes is crucial for informing monetary and fiscal policy decisions.
Key Facts
- The percent change can be positive or negative, indicating expansion or contraction.
- Annual percent changes smooth out month-to-month volatility in economic data.
- This metric is a leading indicator of inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percentage change in an economic indicator, providing insight into the pace of growth or decline over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze the performance and direction of the economy, identify turning points, and contextualize short-term fluctuations in economic data.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current value of an indicator to its value one year prior.
Q: How is this trend used in economic policy?
A: Tracking annual percent changes is crucial for informing monetary and fiscal policy decisions, as it helps identify inflationary pressures and assess the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is typically published with a short lag, and may be subject to revisions as more information becomes available.
Related Trends
Hours Worked for Utilities: Utilities (NAICS 221) in the United States
IPUCN221L010000000
Output per Worker for Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States
IPUCN2211W000000000
Unit Labor Costs for Utilities: Water, Sewage and Other Systems (NAICS 2213) in the United States
IPUCN2213U100000000
Unit Labor Costs for Utilities: Utilities (NAICS 221) in the United States
IPUCN221U100000000
Hourly Compensation for Utilities: Electric Power Generation, Transmission and Distribution (NAICS 2211) in the United States
IPUCN2211U121000000
Output per Worker for Utilities: Natural Gas Distribution (NAICS 221210) in the United States
IPUCN221210W000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUCN2213W201000000), retrieved from FRED.