Hourly Compensation for Retail Trade: Clothing and Clothing Accessories Stores (NAICS 448) in the United States
Percent Change from Year Ago
IPUHN448U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.80
Year-over-Year Change
225.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual change in a variable, providing insight into economic trends and performance over time.
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 index tracks the percent change in a given economic indicator compared to the same period a year earlier. It is a useful tool for analyzing growth, inflation, and other macro-level shifts in the economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on reported economic metrics.
Historical Context
Policymakers and analysts closely monitor this trend to inform decisions and interpretations.
Key Facts
- The metric provides year-over-year comparison of economic indicators.
- It is used to assess the pace and direction of economic change.
- Analyzing percent change helps identify inflationary or recessionary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual change in a given economic indicator, providing insight into the direction and magnitude of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding broader economic performance and momentum, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on reported economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess inflationary pressures, economic growth, and the overall health of the economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but may be subject to revisions and delays inherent in the underlying economic reporting.
Related Trends
Real Sectoral Output for Retail Trade: Pharmacies and Drug Stores (NAICS 44611) in the United States
IPUHN44611T011000000
Real Sectoral Output for Retail Trade: Clothing and Clothing Accessories Stores (NAICS 448) in the United States
IPUHN448T011000000
Sectoral Output for Retail Trade: Used Merchandise Stores (NAICS 45331) in the United States
IPUHN45331T301000000
Sectoral Output Price Deflator for Retail Trade: Clothing Stores (NAICS 4481) in the United States
IPUHN4481T051000000
Hours Worked for Retail Trade: Supermarkets and Other Grocery (Except Convenience) Stores (NAICS 445110) in the United States
IPUHN445110L010000000
Hourly Compensation for Retail Trade: Hobby, Toy, and Game Stores (NAICS 451120) in the United States
IPUHN451120U121000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN448U121000000), retrieved from FRED.