Hours Worked for Transportation and Warehousing: Other Transit and Ground Passenger Transportation (NAICS 4859) in the United States
Percent Change from Year Ago
IPUIN4859L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.30
Year-over-Year Change
-351.35%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year 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 indicator to its value from the same period in the previous year, expressed as a percentage change. It is widely used by economists and policymakers to analyze trends in industrial production, consumer prices, employment, and other key economic measures.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
Percent change from year ago is a key input for monetary and fiscal policy decisions.
Key Facts
- The metric is expressed as a percentage change.
- Year-over-year data provides a stable comparison basis.
- Positive values indicate economic expansion, negative values contraction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percent change in an economic indicator compared to the same period one year earlier, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: Percent change from year ago is a widely used metric that helps economists, policymakers, and market participants analyze economic trends and make informed 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: Percent change from year ago is a key input for monetary and fiscal policy decisions made by central banks, governments, and other economic institutions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insight into economic conditions.
Related Trends
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4859L201000000), retrieved from FRED.