Employment for Transportation and Warehousing: Scenic and Sightseeing Transportation, Land (NAICS 487110) in the United States
Percent Change from Year Ago
IPUIN487110W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.30
Year-over-Year Change
-512.50%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual rate of change in a given economic indicator, providing insights into the pace of economic growth or contraction.
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 represents the year-over-year percent change in a specific economic metric, allowing analysts to understand the direction and momentum of the underlying economic factor. It is a widely used indicator for evaluating economic performance and informing policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent change between the current month's value and the same month's value from the previous year.
Historical Context
Policymakers and market participants closely monitor this trend to gauge the overall health and trajectory of the economy.
Key Facts
- The trend is calculated on a monthly basis.
- It is a crucial metric for assessing the strength of economic expansion or contraction.
- Policymakers use this indicator to inform monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual rate of change in a given economic indicator, providing insights into the pace of economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and market participants to evaluate the direction and momentum of the underlying economic factors, which informs decision-making and policy actions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the percent change between the current month's value and the same month's value from the previous year.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge the overall health and trajectory of the economy, which helps inform monetary and fiscal policy decisions to support economic growth and stability.
Q: Are there update delays or limitations?
A: The 'Percent Change from Year Ago' data is released on a monthly basis, with a typical delay of a few weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN487110W201000000), retrieved from FRED.