Hours Worked for Information: Motion Picture and Video Industries (NAICS 5121) in the United States
Percent Change from Year Ago
IPUJN5121L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.60
Year-over-Year Change
3700.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in a specific economic indicator. This data point is widely used by economists and policymakers to analyze economic trends and inform policy decisions.
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 tracks the percent change in a given economic indicator compared to the same period a year earlier. It provides a valuable perspective on the rate of change over time, rather than just the current level, which is useful for identifying growth, inflation, or other underlying economic dynamics.
Methodology
The percent change is calculated by the U.S. Federal Reserve based on the raw data for the specified economic indicator.
Historical Context
Policymakers and market analysts closely monitor this metric to gauge the pace of economic activity and make informed decisions.
Key Facts
- The percent change is calculated as the current value minus the value from a year ago, divided by the value from a year ago.
- This metric is used to smooth out seasonal fluctuations and provide a clearer picture of underlying economic trends.
- Policymakers often target specific percent change targets, such as the Federal Reserve's 2% inflation goal.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in a specific economic indicator, providing insight into the pace of economic growth or inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to analyze economic conditions and inform policy decisions, as it offers a valuable perspective on the rate of change over time rather than just the current level.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve based on the raw data for the specified economic indicator.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to gauge the pace of economic activity and make informed decisions, such as setting inflation targets or adjusting monetary policy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be some delays in reporting due to the time required to collect and process the underlying economic information.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN5121L201000000), retrieved from FRED.