Employment for Construction: Highway, Street, and Bridge Construction (NAICS 23731) in the United States
Percent Change from Year Ago
IPUDN23731W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
-7.14%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in a given economic indicator, providing insights into the pace and direction 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 trend represents the percent change in a variable compared to the same period in the prior year. It is a widely used statistic that helps economists and policymakers analyze economic performance and identify underlying trends over time.
Methodology
The percent change is calculated by comparing the current period's value to the corresponding period one year earlier.
Historical Context
Tracking this metric is crucial for assessing the health of the broader economy and informing policy decisions.
Key Facts
- The percent change from year ago is a common economic statistic.
- It measures the rate of change in a variable compared to the prior year.
- Analyzing this metric helps identify underlying economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in a given economic indicator, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for assessing the health of the broader economy and informing policy decisions, as it helps identify underlying economic trends over time.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current period's value to the corresponding period one year earlier.
Q: How is this trend used in economic policy?
A: Tracking this metric is important for economists and policymakers to analyze economic performance and make informed decisions about policy interventions.
Q: Are there update delays or limitations?
A: The data is typically released on a regular schedule, but there may be occasional delays or revisions due to the nature of economic data collection and reporting.
Related Trends
Hours Worked for Construction: Other Specialty Trade Contractors (NAICS 2389) in the United States
IPUDN2389L010000000
Employment for Construction: Other Heavy and Civil Engineering Construction (NAICS 23799) in the United States
IPUDN23799W010000000
Employment for Construction: Highway, Street, and Bridge Construction (NAICS 2373) in the United States
IPUDN2373W200000000
Employment for Construction: Residential Building Construction (NAICS 23611) in the United States
IPUDN23611W010000000
Employment for Construction: Building Equipment Contractors (NAICS 2382) in the United States
IPUDN2382W201000000
Employment for Construction: Other Heavy and Civil Engineering Construction (NAICS 237990) in the United States
IPUDN237990W200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUDN23731W201000000), retrieved from FRED.