Employment for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
Percent Change from Year Ago
IPUIN48422W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.40
Year-over-Year Change
-121.88%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual change in an economic indicator, providing insight into the pace of economic growth or decline.
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 variable to its level one year prior, expressed as a percentage change. It is widely used by economists and policymakers to analyze trends and identify turning points in the business cycle.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
The year-over-year percent change is a key input for assessing the overall health of the economy and informing monetary and fiscal policy decisions.
Key Facts
- The percent change from a year ago is reported monthly for many U.S. economic series.
- Year-over-year metrics help smooth out seasonal fluctuations in the data.
- Positive percent changes indicate economic expansion, while negative values signal contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percentage change in an economic indicator, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic trends and identify turning points in the business cycle, informing 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: The year-over-year percent change is a key input for assessing the overall health of the economy and informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The percent change from a year ago is reported monthly for many U.S. economic series, with a short publication lag.
Related Trends
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Labor Productivity for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 48421) in the United States
IPUIN48421L000000000
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Employment for Transportation and Warehousing: Other Support Activities for Transportation (NAICS 48899) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48422W201000000), retrieved from FRED.