Hours Worked for Information: Data Processing, Hosting, and Related Services (NAICS 5182) in the United States
Percent Change from Year Ago
IPUJN5182L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-83.75%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in a selected economic indicator, providing insight into economic growth and momentum.
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 shows the percentage change in a specific economic variable compared to the same period a year earlier. It is a widely used indicator for analyzing economic performance and identifying emerging trends.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
Policymakers and analysts closely monitor this metric to assess the overall health and direction of the economy.
Key Facts
- The metric is reported monthly by the U.S. Federal Reserve.
- Year-over-year changes can signal economic acceleration or deceleration.
- Analysts use this trend to identify turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the percentage change in a selected economic indicator compared to the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into the underlying growth and momentum of the economy, helping analysts and policymakers assess economic performance and identify emerging trends.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to evaluate the overall health and direction of the economy, informing policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The metric is reported monthly by the U.S. Federal Reserve, with data typically available with a short lag.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN5182L201000000), retrieved from FRED.