Hours Worked for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 487210) in the United States
Percent Change from Year Ago
IPUIN487210L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-86.44%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in an economic indicator, providing insights into growth and inflation dynamics.
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 indicator calculates the percent change in a time series from the same period one year prior, helping to identify longer-term economic trends and smooth out seasonal fluctuations.
Methodology
The percent change is calculated by comparing the current value to the prior year's value for the same period.
Historical Context
This metric is widely used by economists, policymakers, and investors to analyze a range of economic variables over time.
Key Facts
- Measures year-over-year percent change.
- Helps identify long-term economic trends.
- Widely used by economists and policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percent change in an economic indicator from the same period one year prior, providing insights into growth and inflation dynamics.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year percent change metric is widely used by economists, policymakers, and investors to analyze long-term economic trends and smooth out seasonal fluctuations.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current value to the prior year's value for the same period.
Q: How is this trend used in economic policy?
A: This metric is used by central banks, government agencies, and analysts to assess the overall state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly or quarterly basis, with potential delays depending on the source and the specific economic indicator being measured.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN487210L201000000), retrieved from FRED.