Hours Worked for Information: Telecommunications (NAICS 517) in the United States
Percent Change from Year Ago
IPUJN517L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-74.19%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percent change in a variable, providing insight into economic growth or decline over time.
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 is a key indicator used by economists and policymakers to analyze economic performance. It compares the current value of a variable to the same period one year prior, highlighting long-term trends and cyclical patterns.
Methodology
The percent change is calculated as the difference between the current and year-ago values, divided by the year-ago value.
Historical Context
This metric is widely followed to assess the health of the U.S. economy and inform policy decisions.
Key Facts
- The percent change can be positive or negative, indicating expansion or contraction.
- It is calculated for a wide range of economic variables, including GDP, industrial production, and consumer prices.
- Policymakers closely monitor year-over-year changes to gauge the strength and direction of the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in a given economic variable, providing insight into long-term growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator used by economists and policymakers to analyze economic performance and inform policy decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated as the difference between the current and year-ago values, divided by the year-ago value.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor year-over-year changes in a variety of economic variables to gauge the strength and direction of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a short lag, and the percent change calculation may be subject to revisions as underlying data is updated.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN517L201000000), retrieved from FRED.