Labor Productivity for Information: Motion Picture and Video Exhibition (NAICS 51213) in the United States
Percent Change from Year Ago
IPUJN51213L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.80
Year-over-Year Change
-158.06%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in an economic indicator, providing insight into the pace and direction of economic 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 trend tracks the year-over-year percent change in a given economic variable, allowing analysts to identify emerging patterns and evaluate the performance of the economy relative to the prior year. It is a widely used metric for gauging economic growth and inflationary pressures.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent change between the current month's value and the same month's value from the previous year.
Historical Context
Policymakers and market participants closely monitor year-over-year trends to inform decisions and expectations around monetary policy, investment strategies, and economic outlook.
Key Facts
- The year-over-year percent change can signal acceleration or deceleration in economic activity.
- Positive values indicate expansion, while negative values signal contraction.
- This metric helps identify inflection points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year percent change in an economic indicator, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and market participants to gauge economic performance, assess inflationary pressures, and inform decision-making.
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 month's value and the same month's value from the previous year.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor year-over-year trends to inform decisions around monetary policy, while market participants use this data to shape investment strategies and economic expectations.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with minimal delays, providing timely insights into the state of the economy.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN51213L001000000), retrieved from FRED.