Labor Productivity for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
Percent Change from Year Ago
IPUIN484230L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.10
Year-over-Year Change
-116.67%
Date Range
1/1/2003 - 1/1/2022
Summary
The 'Percent Change from Year Ago' trend tracks the year-over-year change in an economic indicator, providing insight into the pace and direction of economic activity.
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 variable to its value from the same period a year earlier, expressed as a percentage change. It is used to analyze trends and patterns in the economy over time, adjusting for seasonal variations.
Methodology
The percent change is calculated by the U.S. Federal Reserve using standard statistical methods.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the health and trajectory of the economy.
Key Facts
- Percent change from a year ago is a widely used economic metric.
- It helps identify turning points in the business cycle.
- The trend is calculated for various economic variables, including production, sales, and prices.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the year-over-year change in an economic indicator, providing insight into the pace and direction of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers and analysts to gauge the health and trajectory of the economy, as it helps identify turning points in the business cycle.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve using standard statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to assess the overall state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with some potential for minor delays depending on the source indicator.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN484230L001000000), retrieved from FRED.