Labor Productivity for Retail Trade: Used Car Dealers (NAICS 441120) in the United States
Percent Change from Year Ago
IPUHN441120L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-160.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago metric measures the year-over-year percentage change in an economic indicator. This trend is crucial for economists and policymakers to analyze economic growth and inflationary pressures.
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
The Percent Change from Year Ago calculates the percentage difference between a current economic indicator and its value from the same period a year earlier. This allows for the assessment of economic momentum and directional changes over time.
Methodology
The data is collected by the U.S. Federal Reserve through surveys and compiled into the relevant economic series.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the overall state of the economy and inform decisions.
Key Facts
- The Percent Change from Year Ago is reported monthly.
- This metric is a leading indicator of economic conditions.
- Positive values signal expansion, while negative values indicate contraction.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year percentage change in an economic indicator, providing insight into economic growth and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to analyze the overall state of the economy and inform their decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys and compiled into the relevant economic series.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to gauge economic momentum and directional changes, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago is reported monthly, with minimal update delays.
Related Trends
Sectoral Output for Retail Trade: Shoe Stores (NAICS 448210) in the United States
IPUHN448210T301000000
Employment for Retail Trade: Women's Clothing Stores (NAICS 44812) in the United States
IPUHN44812W010000000
Labor Compensation for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120L021000000
Hours Worked for Retail Trade: Floor Covering Stores (NAICS 44221) in the United States
IPUHN44221L010000000
Output per Worker for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120W001000000
Sectoral Output for Retail Trade: Sporting Goods Stores (NAICS 45111) in the United States
IPUHN45111T301000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN441120L001000000), retrieved from FRED.