Hours Worked for Retail Trade: Office Supplies and Stationery Stores (NAICS 45321) in the United States
Percent Change from Year Ago
IPUHN45321L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.00
Year-over-Year Change
N/A%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year percent change in an economic indicator, providing 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 metric compares the current value of an economic indicator to its value from the same period a year prior, expressed as a percentage change. It is widely used by economists and policymakers to analyze trends and evaluate the health of the economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
Policymakers and analysts closely monitor this trend to inform economic and monetary policy decisions.
Key Facts
- The percent change from year ago is a widely used metric for assessing economic performance.
- This trend can signal acceleration, deceleration, or stagnation in economic activity.
- Policymakers closely monitor this indicator to guide decisions on interest rates and other policy tools.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year percent change in an economic indicator, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze trends and evaluate the health of the economy, informing economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to inform decisions on interest rates and other policy tools aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, with occasional delays due to the time required to collect and process the underlying economic statistics.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN45321L201000000), retrieved from FRED.