Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
Percent Change from Year Ago
IPUGN42421W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-166.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend 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 trend represents the percent change in an economic variable compared to the same period in the prior year. It is a common metric used by economists and policymakers to analyze and interpret economic performance over time.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent change between the current value and the value from 12 months prior.
Historical Context
Tracking this metric helps identify emerging economic trends and supports policy decisions.
Key Facts
- Year-over-year data adjusts for seasonal variations.
- The metric can signal a potential economic slowdown or recovery.
- Percent change is a common way to analyze long-term economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year percent change in an 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 and interpret economic performance over time, helping identify emerging trends and support policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the percent change between the current value and the value from 12 months prior.
Q: How is this trend used in economic policy?
A: Tracking this metric helps identify emerging economic trends, which supports policy decisions by governments, central banks, and other economic institutions.
Q: Are there update delays or limitations?
A: The data is subject to the same publication timelines as the underlying economic indicator, which may have a lag of several weeks or months.
Related Trends
Sectoral Output Price Deflator for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T050000000
Hourly Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249U120000000
Hours Worked for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234L010000000
Output per Worker for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232W001000000
Unit Labor Costs for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U100000000
Unit Labor Costs for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235U100000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN42421W201000000), retrieved from FRED.