Labor Compensation for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 33641) in the United States
Percent Change from Year Ago
IPUEN33641L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.20
Year-over-Year Change
72.88%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in a selected economic indicator, providing insights into economic trends and 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 metric calculates the percent change in a given indicator compared to the same period a year earlier. It is a widely used statistic that helps analysts and policymakers understand the pace and direction of economic growth or decline.
Methodology
The percent change is calculated by taking the difference between the current and prior year's values, then dividing by the prior year's value.
Historical Context
Economists and market analysts closely monitor this metric to assess the health and trajectory of the overall economy.
Key Facts
- The percent change can be positive or negative, indicating expansion or contraction.
- This metric is often used to adjust for seasonal variations in economic data.
- Year-over-year comparisons provide a more accurate picture of long-term economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in a selected economic indicator, such as industrial production, consumer prices, or GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend is highly relevant for economists, policymakers, and market analysts as it provides insight into the pace and direction of economic growth or decline, helping to inform decision-making and policy actions.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current and prior year's values, then dividing by the prior year's value.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess the overall health of the economy and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data for this metric is typically released on a monthly or quarterly basis, with some potential for delays in reporting. Users should be aware of any known limitations or caveats in the data.
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IPUEN3111W001000000
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Sectoral Output for Manufacturing: All Other Fabricated Metal Product Manufacturing (NAICS 33299) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN33641L021000000), retrieved from FRED.