Labor Share for Manufacturing: Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (NAICS 3334) in the United States
Percent Change from Year Ago
IPUEN3334L031000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.80
Year-over-Year Change
-180.00%
Date Range
1/1/1988 - 1/1/2021
Summary
This trend measures the percent change in a selected economic indicator from the same period a year ago. It provides insights into the direction and magnitude of economic changes over the past year.
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
The percent change from year ago is a widely used metric that allows economists and policymakers to analyze economic performance in the context of the prior year. It helps identify and monitor trends, cycles, and turning points in the economy.
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 12 months prior.
Historical Context
This trend is closely watched by analysts, central banks, and government agencies to assess the health and trajectory of the economy.
Key Facts
- The percent change from year ago helps identify economic turning points.
- This metric is widely used to track inflation, output, and other key variables.
- Year-over-year comparisons mitigate the impact of seasonal factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percent change in a selected economic indicator, such as industrial production or consumer prices, compared to the same period a year ago.
Q: Why is this trend relevant for users or analysts?
A: The percent change from year ago provides valuable insights into the direction and pace of economic changes, helping identify trends, cycles, and turning points in the economy.
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 12 months prior.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by central banks, government agencies, and analysts to assess the health and trajectory of the economy, informing policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The percent change from year ago data is published regularly by the Federal Reserve, with minimal delays. However, the underlying economic indicators may have their own update schedules and potential limitations.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN3334L031000000), retrieved from FRED.