Labor Compensation for Manufacturing: Ready-Mix Concrete Manufacturing (NAICS 327320) in the United States
Percent Change from Year Ago
IPUEN327320L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.80
Year-over-Year Change
-1354.55%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in an economic indicator, providing insight into long-term trends and 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 trend shows the percent change in a variable compared to the same period one year earlier. It is a widely used measure that helps analysts and policymakers understand the direction and magnitude of economic shifts over time.
Methodology
The data is calculated based on the percent change between the current value and the value from the same period in the previous year.
Historical Context
Percent change from a year ago is a key indicator monitored by the Federal Reserve and other economic institutions.
Key Facts
- The current percent change from a year ago is XX.X%.
- This metric has been tracked by the Federal Reserve since XXXX.
- Percent change from a year ago is a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in an economic indicator, providing insight into long-term trends and the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and market analysts to understand the direction and magnitude of economic shifts over time, making it a key indicator for assessing the health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the percent change between the current value and the value from the same period in the previous year.
Q: How is this trend used in economic policy?
A: Percent change from a year ago is a key indicator monitored by the Federal Reserve and other economic institutions to help inform monetary policy decisions and assess the state of the economy.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly or quarterly basis, with some delay to allow for data collection and processing. Users should be aware of any update schedules or potential revisions to the historical data.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN327320L021000000), retrieved from FRED.