Unit Labor Costs for Manufacturing: Fabricated Structural Metals (NAICS 332312) in the United States
Percent Change from Year Ago
IPUEN332312U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.30
Year-over-Year Change
-868.75%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year percent change in a given 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 series measures the year-over-year percent change in a specific economic variable, which is a widely used metric for analyzing economic performance and identifying longer-term patterns. It helps economists and policymakers evaluate the direction and speed of economic changes.
Methodology
The data is calculated by the U.S. Federal Reserve based on the underlying economic indicator's values.
Historical Context
Policymakers and analysts rely on this metric to inform decisions and assess the state of the economy.
Key Facts
- The series is updated monthly.
- It is a widely tracked indicator of economic health.
- Year-over-year changes can reveal longer-term trends.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percent change in a specific economic indicator, providing insight into the pace and direction of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year percent change is a widely used metric that helps economists and policymakers evaluate the state of the economy and identify longer-term patterns.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on the underlying economic indicator's values.
Q: How is this trend used in economic policy?
A: Policymakers and analysts rely on this metric to inform decisions and assess the overall health and performance of the economy.
Q: Are there update delays or limitations?
A: The series is updated monthly, with no significant delays or limitations.
Related Trends
Capital Intensity for Manufacturing: Audio and Video Equipment Manufacturing (NAICS 33431) in the United States
IPUEN33431C061000000
Real Sectoral Output for Manufacturing: Furniture and Related Product Manufacturing (NAICS 337) in the United States
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Sectoral Output Price Deflator for Manufacturing: Pharmaceutical and Medicine Manufacturing (NAICS 3254) in the United States
IPUEN3254T051000000
Unit Labor Costs for Manufacturing: Turned Product and Screw, Nut, and Bolt Manufacturing (NAICS 33272) in the United States
IPUEN33272U100000000
Hours Worked for Manufacturing: Apparel Manufacturing (NAICS 315) in the United States
IPUEN315L010000000
Intermediate Inputs Productivity for Manufacturing: Railroad Rolling Stock Manufacturing (NAICS 3365) in the United States
IPUEN3365P001000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN332312U101000000), retrieved from FRED.