Hourly Compensation for Information: Radio Broadcasting (NAICS 51511) in the United States
Percent Change from Year Ago
IPUJN51511U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.20
Year-over-Year Change
1225.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the year-over-year percent change in an economic indicator. It is a key metric used by economists and policymakers to analyze economic trends and assess the strength of the economy.
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 indicator to its value from the same month a year prior, providing insight into the pace of economic growth or decline. It is widely used to track changes in employment, production, consumer prices, and other important economic measures.
Methodology
The percent change is calculated by the U.S. Federal Reserve as the difference between the current month's value and the value from the same month in the previous year, divided by the prior year's value.
Historical Context
Analysts and policymakers monitor this trend to gauge the overall direction of the economy and inform decisions on monetary and fiscal policy.
Key Facts
- The percent change can be positive or negative, indicating growth or contraction.
- This metric is calculated for a wide range of economic series, from industrial production to retail sales.
- Year-over-year comparisons help smooth out seasonal fluctuations in the data.
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 insight into the pace of economic growth or decline.
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 decisions on monetary and fiscal policy.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve as the difference between the current month's value and the value from the same month in the previous year, divided by the prior year's value.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to gauge the overall direction of the economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with typical lags of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN51511U121000000), retrieved from FRED.