Labor Compensation for Retail Trade: Health and Personal Care Stores (NAICS 446) in the United States
Percent Change from Year Ago
IPUHN446L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
-20.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual percent change in an economic indicator like industrial production or consumer prices. It provides insights into the pace and direction of economic growth.
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 economic trend calculates the percent change in a data series compared to the same period a year earlier. It is widely used by economists, policymakers, and investors to analyze changes in economic activity, inflation, and other key indicators over time.
Methodology
The percent change is calculated by comparing the current period's value to the same period a year ago.
Historical Context
Monitoring year-over-year changes is crucial for assessing the business cycle and making informed economic decisions.
Key Facts
- The percent change from a year ago highlights accelerating or decelerating trends.
- Year-over-year comparisons control for seasonal and calendar effects.
- Economists monitor this metric to gauge the strength and direction of the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in an economic indicator like industrial production or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: Monitoring year-over-year changes is crucial for assessing the business cycle and making informed economic decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current period's value to the same period a year ago.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this metric to analyze changes in economic activity, inflation, and other key indicators over time.
Q: Are there update delays or limitations?
A: The timeliness and availability of this data may vary depending on the underlying economic indicator.
Related Trends
Employment for Retail Trade: Florists (NAICS 4531) in the United States
IPUHN4531W200000000
Labor Productivity for Retail Trade: Vending Machine Operators (NAICS 454210) in the United States
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Hourly Compensation for Retail Trade: Electronics Stores (NAICS 443142) in the United States
IPUHN443142U121000000
Output per Worker for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 446120) in the United States
IPUHN446120W001000000
Unit Labor Costs for Retail Trade: Hobby, Toy, and Game Stores (NAICS 451120) in the United States
IPUHN451120U101000000
Hours Worked for Retail Trade: Florists (NAICS 453110) in the United States
IPUHN453110L201000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN446L021000000), retrieved from FRED.