Labor Productivity for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
Percent Change from Year Ago
IPUIN481L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.10
Year-over-Year Change
-101.56%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in a given economic indicator, providing insight into broader trends and cyclical 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 percentage change metric allows economists to analyze the rate of change in economic variables over time, rather than just their absolute values. It is a key indicator used to monitor economic growth, inflation, and other macroeconomic conditions.
Methodology
The data is calculated by the U.S. Federal Reserve based on the previous year's value for the same time period.
Historical Context
Policymakers and analysts closely track these year-over-year changes to inform decisions and assess the state of the economy.
Key Facts
- Year-over-year data provides a more accurate picture of long-term economic trends.
- Percent change metrics are crucial for identifying inflationary or recessionary pressures.
- Monitoring these trends helps policymakers make informed decisions about monetary and fiscal policies.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the rate of change in an economic indicator over a 12-month period, compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: This year-over-year percent change data provides important context for interpreting economic conditions and identifying broader patterns, which is crucial for policymakers, businesses, and individual consumers.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric by comparing the current value of an economic indicator to its value from the same period in the previous year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor these year-over-year changes to gauge the pace of economic growth, inflationary pressures, and other macroeconomic conditions, which informs their decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The 'Percent Change from Year Ago' data is published regularly by the Federal Reserve, with minimal delays, providing timely insights into the state of the U.S. economy.
Related Trends
Intermediate Inputs Share for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111P030000000
Output per Worker for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 48421) in the United States
IPUIN48421W000000000
Labor Compensation for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481U110000000
Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 4872) in the United States
IPUIN4872L010000000
Employment for Transportation and Warehousing: Support Activities for Water Transportation (NAICS 4883) in the United States
IPUIN4883W200000000
Sectoral Output for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States
IPUIN492T301000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN481L001000000), retrieved from FRED.