Hours Worked for Retail Trade: Automotive Parts and Accessories Stores (NAICS 441310) in the United States
Percent Change from Year Ago
IPUHN441310L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-64.29%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insights into broader trends and the pace of economic activity.
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 calculates the percent change in a variable compared to the same period in the previous year. It is widely used by economists and policymakers to analyze economic performance and identify turning points in the business cycle.
Methodology
The data is calculated by the U.S. Federal Reserve using reported economic indicators.
Historical Context
Percent change from year ago is a key indicator referenced by the Federal Reserve, Congress, and market analysts.
Key Facts
- Year-over-year changes control for seasonal patterns.
- Positive values indicate economic expansion, negative values contraction.
- Percent change is a relative, not absolute, measure of change.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insights into broader trends and the pace of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic performance and identify turning points in the business cycle.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using reported economic indicators.
Q: How is this trend used in economic policy?
A: Percent change from year ago is a key indicator referenced by the Federal Reserve, Congress, and market analysts in assessing the state of the economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into economic conditions.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN441310L201000000), retrieved from FRED.