Unit Labor Costs for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
Percent Change from Year Ago
IPUGN4243U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.30
Year-over-Year Change
-155.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual rate of change in a given economic indicator, providing insight into long-term trends and the overall health of the economy.
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 measure compares the current value of an economic variable to its value one year prior, expressed as a percentage change. It is widely used by economists and policymakers to analyze growth, inflation, and other key aspects of economic performance over time.
Methodology
The percent change is calculated by the U.S. Federal Reserve based on monthly or quarterly data series.
Historical Context
Tracking percent changes year-over-year is crucial for monitoring economic cycles and informing fiscal and monetary policy decisions.
Key Facts
- The percent change metric can signal economic expansion or contraction.
- Year-over-year trends smooth out seasonal fluctuations in the data.
- Analysts monitor percent changes to assess the momentum of the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual rate of change in an economic indicator, comparing the current value to the value one year prior.
Q: Why is this trend relevant for users or analysts?
A: Tracking percent changes year-over-year is crucial for monitoring economic cycles, identifying growth trends, and informing policy decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve based on monthly or quarterly data series.
Q: How is this trend used in economic policy?
A: Percent change data is closely watched by economists and policymakers to assess the overall health of the economy and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, though there may be lags in availability depending on the specific economic indicator being measured.
Related Trends
Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L020000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421W001000000
Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L021000000
Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T300000000
Hourly Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238U120000000
Hourly Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251U120000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4243U101000000), retrieved from FRED.