Labor Productivity for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
Percent Change from Year Ago
IPUGN424210L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.90
Year-over-Year Change
-197.53%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in a selected 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 is widely used by economists and policymakers to analyze the trajectory of the economy, as it highlights whether key indicators like industrial production, consumer prices, or employment are accelerating, decelerating, or holding steady compared to the prior year.
Methodology
The percent change is calculated by comparing the current period's value to the corresponding period one year earlier.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the effectiveness of monetary and fiscal policies.
Key Facts
- The percent change can be positive, negative, or zero.
- This metric is calculated for a wide range of economic indicators.
- It helps identify turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in a selected economic indicator, such as industrial production, employment, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze the trajectory of the economy, as it highlights whether key indicators are accelerating, decelerating, or holding steady compared to the prior year.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current period's value to the corresponding period one year earlier.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to gauge the effectiveness of monetary and fiscal policies and to identify turning points in the business cycle.
Q: Are there update delays or limitations?
A: The data for this trend is typically released on a regular schedule, with minimal delays, and provides a comprehensive view of the selected economic indicator.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN424210L001000000), retrieved from FRED.