Labor Productivity for Information: Cable and Other Subscription Programming (NAICS 51521) in the United States
Percent Change from Year Ago
IPUJN51521L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.50
Year-over-Year Change
53.06%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual change in an economic indicator, providing insight into long-term trends and the pace of 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 variable to its value from the same period a year earlier, expressed as a percentage change. It is a widely used tool for analyzing economic performance and identifying turning points in the business cycle.
Methodology
The percent change is calculated by taking the difference between the current and year-ago values, and then dividing by the year-ago value.
Historical Context
Policymakers and analysts closely monitor these year-over-year trends to assess the health and trajectory of the broader economy.
Key Facts
- The percent change can be positive or negative, indicating expansion or contraction.
- Year-over-year trends are less volatile than month-to-month changes.
- This metric is widely used to track inflation, industrial production, and other key economic variables.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual change in an economic indicator, providing insight into long-term trends and the pace of growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is a widely used tool for analyzing economic performance and identifying turning points in the business cycle, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current and year-ago values, and then dividing by the year-ago value.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor these year-over-year trends to assess the health and trajectory of the broader economy, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The timeliness and availability of the data may vary depending on the specific economic indicator being measured, but the percent change metric is generally published on a regular schedule.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN51521L001000000), retrieved from FRED.