Hours Worked for Manufacturing: Semiconductor and Other Electronic Component Manufacturing (NAICS 33441) in the United States
Percent Change from Year Ago
IPUEN33441L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.20
Year-over-Year Change
N/A%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual change in an economic indicator, allowing analysts to identify long-term trends and evaluate economic performance.
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 index tracks the year-over-year percent change in a given economic statistic, such as industrial production or consumer prices. It is a key metric used by economists and policymakers to assess the direction and magnitude of economic growth.
Methodology
The data is calculated by the U.S. Federal Reserve using standard statistical techniques.
Historical Context
Percent change from a year ago is widely referenced in economic reporting and analysis to provide important context on the current state of the economy.
Key Facts
- Annual percent change can signal acceleration or deceleration in economic activity.
- Year-over-year data smooths out seasonal fluctuations.
- Percent change from a year ago is a widely-used metric in economic forecasting.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in an economic indicator, such as industrial production or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for identifying long-term economic growth trends and evaluating the current state of the economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the year-over-year percent change using standard statistical methods.
Q: How is this trend used in economic policy?
A: Percent change from a year ago is widely referenced by economists, analysts, and policymakers to assess the direction and speed of economic activity.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into economic performance.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN33441L201000000), retrieved from FRED.