Unit Labor Costs for Manufacturing: Automobile Manufacturing (NAICS 336111) in the United States
Percent Change from Year Ago
IPUEN336111U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-89.79%
Date Range
1/1/1988 - 1/1/2021
Summary
The Percent Change from Year Ago measures the year-over-year change in a given 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 compares the current value of an indicator to its value from the same period a year earlier, expressed as a percentage change. It is a widely used tool for economists and policymakers to analyze economic trends and forecast future conditions.
Methodology
The data is calculated by the U.S. Federal Reserve based on the underlying economic indicator.
Historical Context
Percent Change from Year Ago is a key metric for assessing the strength and direction of the economy.
Key Facts
- Percent Change from Year Ago is a widely used metric for economic analysis.
- It helps identify periods of economic expansion and contraction.
- The indicator can signal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in a given 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 economic trends and forecast future conditions, as it helps identify periods of expansion and contraction in the business cycle.
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.
Q: How is this trend used in economic policy?
A: Percent Change from Year Ago is a key metric for assessing the strength and direction of the economy, and is used by policymakers, analysts, and institutions to inform economic decision-making and forecasting.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is subject to the same update schedule and potential limitations as the underlying economic indicator.
Related Trends
Capital Share for Manufacturing: Architectural and Structural Metals Manufacturing (NAICS 3323) in the United States
IPUEN3323C031000000
Real Sectoral Output for Manufacturing: Semiconductor and Related Device Manufacturing (NAICS 334413) in the United States
IPUEN334413T011000000
Hourly Compensation for Manufacturing: Railroad Rolling Stock Manufacturing (NAICS 336510) in the United States
IPUEN336510U120000000
Labor Compensation for Manufacturing: Computer and Electronic Product Manufacturing (NAICS 334) in the United States
IPUEN334L020000000
Hours Worked for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States
IPUEN3119L200000000
Sectoral Output for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 3311) in the United States
IPUEN3311T300000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN336111U101000000), retrieved from FRED.