Hours Worked for Transportation and Warehousing: School and Employee Bus Transportation (NAICS 48541) in the United States
Percent Change from Year Ago
IPUIN48541L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.20
Year-over-Year Change
-330.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' series measures the annual percentage change in a given economic indicator. This metric provides important 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 trend calculates the year-over-year percent change for a wide range of economic variables, such as industrial production, employment, and consumer prices. It is a key indicator used by economists, policymakers, and market analysts to assess the overall health and trajectory of the economy.
Methodology
The data is calculated by the U.S. Federal Reserve by comparing the current value of an economic indicator to its value from the same period one year prior.
Historical Context
Percent change from a year ago is widely referenced in economic commentary and reporting to provide historical context and identify emerging trends.
Key Facts
- Annual percent change is a widely used metric for assessing economic performance.
- The year-ago comparison helps control for seasonal and calendar-related factors.
- Positive percent changes indicate expansion, while negative changes signal contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series measures the annual percentage change in a given 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 a key indicator used by economists, policymakers, and market analysts to assess the overall health and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve by comparing the current value of an economic indicator to its value from the same period one year prior.
Q: How is this trend used in economic policy?
A: Percent change from a year ago is widely referenced in economic commentary and reporting to provide historical context and identify emerging trends, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but may be subject to revisions and lags due to the nature of economic data collection.
Related Trends
Hours Worked for Transportation and Warehousing: Other Support Activities for Transportation (NAICS 4889) in the United States
IPUIN4889L010000000
Employment for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
IPUIN484210W010000000
Hours Worked for Transportation and Warehousing: Rail Transportation (NAICS 4821) in the United States
IPUIN4821L200000000
Hours Worked for Transportation and Warehousing: Pipeline Transportation of Natural Gas (NAICS 486210) in the United States
IPUIN486210L010000000
Employment for Transportation and Warehousing: Support Activities for Rail Transportation (NAICS 4882) in the United States
IPUIN4882W200000000
Employment for Transportation and Warehousing: Couriers and Express Delivery Services (NAICS 4921) in the United States
IPUIN4921W200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48541L201000000), retrieved from FRED.