Hours Worked for Information: Cable and Other Subscription Programming (NAICS 51521) in the United States
Percent Change from Year Ago
IPUJN51521L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.70
Year-over-Year Change
-41.38%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual percentage change in a given economic indicator. This metric is critical for economists and policymakers to analyze long-term economic growth and inflation patterns.
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 economic indicator tracks the year-over-year percent change in a specified variable, such as industrial production, consumer prices, or gross domestic product. It is a key measure used to assess the pace and direction of economic activity compared to the prior year.
Methodology
The data is calculated by the U.S. Federal Reserve based on the monthly, quarterly, or annual values of the underlying economic series.
Historical Context
Policymakers and analysts closely monitor year-over-year percent changes to inform monetary and fiscal policy decisions.
Key Facts
- Annual percent changes track long-term economic trends.
- The metric is used to identify inflationary or deflationary pressures.
- Year-over-year data can smooth out seasonal fluctuations.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual percentage change in a specified economic indicator compared to the prior year.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing long-term growth, inflation, and other fundamental economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the year-over-year percent change based on the monthly, quarterly, or annual values of the underlying economic series.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor annual percent changes to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule based on the release of the underlying economic series.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN51521L201000000), retrieved from FRED.