Hours Worked for Retail Trade: Convenience Stores (NAICS 445120) in the United States
Percent Change from Year Ago
IPUHN445120L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.10
Year-over-Year Change
-164.58%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks 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 series measures the percent change in a given indicator compared to the same period a year earlier. It is a key metric 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 based on underlying economic indicators.
Historical Context
Percent change from year ago is widely referenced in economic analysis and policy discussions.
Key Facts
- Year-over-year change provides a useful perspective beyond month-to-month volatility.
- The indicator is calculated for a range of economic data, from GDP to employment figures.
- Analyzing percent change from a year ago helps identify sustained trends versus short-term fluctuations.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the change in an economic indicator compared to the same period 12 months earlier.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the pace and direction of economic activity, helping analysts and policymakers assess the health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: Percent change from year ago is widely referenced in economic analysis and policy discussions, as it helps identify sustained trends in the economy.
Q: Are there update delays or limitations?
A: The timeliness and availability of this data may be subject to the release schedule of the underlying economic indicators.
Related Trends
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Employment for Retail Trade: Floor Covering Stores (NAICS 44221) in the United States
IPUHN44221W201000000
Labor Compensation for Retail Trade: Men's Clothing Stores (NAICS 448110) in the United States
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Hours Worked for Retail Trade: Specialty Food Stores (NAICS 4452) in the United States
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Labor Compensation for Retail Trade: Electronics and Appliance Stores (NAICS 443) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN445120L201000000), retrieved from FRED.