Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
Percent Change from Year Ago
IPUGN424210L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.40
Year-over-Year Change
-400.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percent change in a given economic indicator. This metric is widely used by economists and policymakers to analyze economic growth and inflation.
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 data series calculates the year-over-year percent change for a specified economic variable, such as industrial production or consumer prices. It provides a standardized way to track changes in economic conditions over time, adjusting for seasonal patterns and base effects.
Methodology
The percent change is calculated by comparing the current month's value to the corresponding month one year prior.
Historical Context
This metric is commonly referenced in Federal Reserve policy decisions and economic commentary.
Key Facts
- The percent change from a year ago adjusts for seasonal variations.
- This metric provides a standardized way to track economic trends over time.
- The Federal Reserve closely monitors year-over-year changes in economic data.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric calculates the annual percent change in a given economic indicator, such as industrial production 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 economic growth and inflation, as it provides a standardized way to track changes in economic conditions over time.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current month's value to the corresponding month one year prior.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors year-over-year changes in economic data like this when making policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with typical update lags of several weeks.
Related Trends
Real Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T011000000
Hourly Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U121000000
Output per Worker for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239W001000000
Hourly Compensation for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423U121000000
Hours Worked for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424L200000000
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251L000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN424210L201000000), retrieved from FRED.