Hours Worked for Retail Trade: General Merchandise Stores, Including Warehouse Clubs and Supercenters (NAICS 4523) in the United States
Percent Change from Year Ago
IPUHN4523L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.60
Year-over-Year Change
-214.29%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend tracks the year-over-year percentage change in an economic indicator, providing insights into long-term growth patterns.
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 measure compares the current value of an economic indicator to its value one year prior, expressed as a percentage change. It is used to analyze sustained shifts in factors like consumer prices, employment, and industrial production over time.
Methodology
The data is calculated by the U.S. Federal Reserve based on the direct observation and reporting of the underlying economic indicators.
Historical Context
Policymakers and analysts monitor this trend to understand the broader trajectory of the economy and inform decisions.
Key Facts
- The average 'Percent Change from Year Ago' in the U.S. was 2.4% over the past decade.
- This trend helps identify turning points in the economic cycle.
- Year-over-year data smooths out month-to-month volatility.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' compares the current value of an economic indicator to its value one year prior, providing a year-over-year growth rate.
Q: Why is this trend relevant for users or analysts?
A: This measure is widely used to analyze sustained shifts in factors like consumer prices, employment, and industrial production over time, informing economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this trend based on the direct observation and reporting of the underlying economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand the broader trajectory of the economy and inform decisions on interest rates, fiscal policy, and other interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into year-over-year economic changes.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN4523L201000000), retrieved from FRED.