Labor Compensation for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States
Percent Change from Year Ago
IPUIN492L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.80
Year-over-Year Change
-43.88%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' series measures the annual percentage change in an economic indicator, providing insight into the pace of economic growth or decline over time.
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 is widely used by economists, policymakers, and analysts to evaluate the trajectory of key economic variables like production, employment, and consumer prices. It offers a standardized way to compare year-over-year changes and identify emerging trends.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent change between the current value and the value from the same period one year prior.
Historical Context
Tracking 'Percent Change from Year Ago' is crucial for assessing the overall health of the economy and informing monetary and fiscal policy decisions.
Key Facts
- The metric is expressed as a percentage.
- It can be positive or negative, indicating expansion or contraction.
- Analyzing trends is crucial for policymakers and investors.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series measures the annual percentage change in an economic indicator, such as industrial production or employment.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to evaluate the trajectory of key economic variables and identify emerging trends, which is crucial for assessing economic health and informing policy decisions.
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 value and the value from the same period one year prior.
Q: How is this trend used in economic policy?
A: Tracking 'Percent Change from Year Ago' is crucial for assessing the overall health of the economy and informing monetary and fiscal policy decisions by policymakers.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Federal Reserve, with potential for short publication lags depending on the specific economic indicator.
Related Trends
Hours Worked for Transportation and Warehousing: Postal Service (NAICS 491) in the United States
IPUIN491L010000000
Capital Intensity for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481C060000000
Sectoral Output for Transportation and Warehousing: Couriers and Messengers (NAICS 492) in the United States
IPUIN492T300000000
Unit Labor Costs for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110U100000000
Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230L010000000
Hours Worked for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
IPUIN48412L010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN492L021000000), retrieved from FRED.