Hours Worked for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 49312) in the United States
Percent Change from Year Ago
IPUIN49312L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.40
Year-over-Year Change
-75.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' series measures the annual change in an economic indicator, providing insight into long-term trends and market performance.
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 tracks the percent change in a given economic metric compared to the same period a year earlier. It is a common way to analyze and compare data over time, accounting for seasonal and cyclical factors.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly or quarterly economic statistics.
Historical Context
Economists and policymakers use this metric to gauge economic momentum and make informed decisions.
Key Facts
- The percent change from year ago is calculated as the current value minus the value from 1 year prior, divided by the prior year value.
- This metric helps smooth out seasonal fluctuations to reveal underlying economic trends.
- Many major economic time series, from GDP to housing starts, are commonly reported in percent change from year ago terms.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series measures the annual change in an economic indicator, providing insight into long-term trends and market performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to gauge economic momentum 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 monthly or quarterly economic statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze economic conditions and identify key trends that can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Federal Reserve, with any update delays or limitations dependent on the underlying economic statistics.
Related Trends
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IPUIN4911U110000000
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Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
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Hours Worked for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
IPUIN48422L201000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN49312L201000000), retrieved from FRED.