Employment for Manufacturing: Bread and Bakery Product Manufacturing (NAICS 31181) in the United States
Percent Change from Year Ago
IPUEN31181W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
6400.00%
Date Range
1/1/1988 - 1/1/2022
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 is widely used by economists and policymakers to analyze the current state of the economy and identify emerging trends. It helps assess the strength and direction of economic activity compared to the prior year.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent change between the current value and the value from the same period one year earlier.
Historical Context
Percent change from a year ago is a key indicator tracked by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Year-over-year percent change captures economic momentum.
- This metric is monitored by the Federal Reserve and other policymakers.
- Positive values indicate economic expansion, negative values contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' 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: This metric is widely used by economists and policymakers to analyze the current state of the economy and identify emerging trends. It helps assess the strength and direction of economic activity compared to the prior year.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the percent change between the current value and the value from the same period one year earlier.
Q: How is this trend used in economic policy?
A: Percent change from a year ago is a key indicator tracked by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, though there may be slight delays in reporting compared to real-time economic conditions.
Related Trends
Unit Labor Costs for Manufacturing: Fabricated Structural Metals (NAICS 332312) in the United States
IPUEN332312U100000000
Real Sectoral Output for Manufacturing: Pharmaceutical and Medicine Manufacturing (NAICS 3254) in the United States
IPUEN3254T011000000
Output per Worker for Manufacturing: Ornamental and Architectural Metal Products Manufacturing (NAICS 33232) in the United States
IPUEN33232W001000000
Employment for Manufacturing: Plastics and Rubber Products Manufacturing (NAICS 326) in the United States
IPUEN326W200000000
Hours Worked for Manufacturing: Sugar and Confectionery Product Manufacturing (NAICS 3113) in the United States
IPUEN3113L010000000
Combined Inputs for Manufacturing: Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (NAICS 33341) in the United States
IPUEN33341M011000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN31181W201000000), retrieved from FRED.