Hours Worked for Information: Book Publishers (NAICS 511130) in the United States
Percent Change from Year Ago
IPUJN511130L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.70
Year-over-Year Change
-235.71%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year percent change in an economic indicator, providing insights into the pace of economic growth or decline.
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 compares the current value of an economic indicator to its value from the same period a year earlier, expressed as a percentage change. It is widely used by economists and policymakers to analyze economic performance and identify emerging trends.
Methodology
The percent change is calculated by the U.S. Federal Reserve using standard statistical methods.
Historical Context
Analysts monitor this trend to assess the strength and direction of the economy and inform policy decisions.
Key Facts
- The percent change can be positive or negative, indicating expansion or contraction.
- Monitoring this trend helps identify turning points in the economic cycle.
- Year-over-year comparisons smooth out seasonal fluctuations in the data.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year percent change in an economic indicator, such as industrial production, GDP, or employment.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic performance and identify emerging trends, as it provides insights into the pace of economic growth or decline.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve using standard statistical methods.
Q: How is this trend used in economic policy?
A: Analysts monitor this trend to assess the strength and direction of the economy and inform policy decisions, such as setting interest rates or adjusting fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically released on a regular schedule, with some potential for minor delays due to data collection and processing.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN511130L201000000), retrieved from FRED.