Employment for Transportation and Warehousing: Warehousing and Storage (NAICS 493) in the United States
Percent Change from Year Ago
IPUIN493W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-80.85%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in an economic indicator, providing insights into economic growth and underlying trends.
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 series measures the percent change in a variable compared to the same period a year earlier. It is a widely used indicator that helps economists and policymakers assess the direction and pace of economic activity.
Methodology
The data is calculated as the percent change between the current value and the value from the same period in the previous year.
Historical Context
Policymakers and analysts use this metric to gauge the momentum of the economy and inform policy decisions.
Key Facts
- The percent change from year ago is a relative measure, not an absolute value.
- This metric is used to smooth out seasonal fluctuations in economic data.
- Year-over-year comparisons help identify long-term trends in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the percent change in an economic indicator compared to the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the direction and pace of economic growth, helping policymakers and analysts assess the momentum of the economy.
Q: How is this data collected or calculated?
A: The data is calculated as the percent change between the current value and the value from the same period in the previous year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the momentum of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delay in the release of the latest figures.
Related Trends
Labor Compensation for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States
IPUIN484220L020000000
Employment for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230W010000000
Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110L000000000
Employment for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110W010000000
Sectoral Output Price Deflator for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
IPUIN48412T050000000
Capital Productivity for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111C001000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN493W201000000), retrieved from FRED.