Real Labor Compensation for Private Nonfarm in Colorado
Percent Change from Year Ago
IPUZNL061080000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
-82.05%
Date Range
1/1/2008 - 1/1/2024
Summary
The Percent Change from Year Ago metric tracks the annual change in a given economic indicator, providing insights into the pace and direction of economic growth.
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 measures the year-over-year percent change in a specific economic data series, allowing economists and policymakers to analyze the rate of change in key economic variables over time.
Methodology
The data is calculated by the U.S. Federal Reserve using standard statistical methods.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the strength and trajectory of the economy.
Key Facts
- The metric is reported on a monthly basis.
- It can be applied to a wide range of economic data series.
- Year-over-year comparisons help control for seasonal effects.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago metric measures the annual percentage change in a given economic indicator, providing insights into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for evaluating the performance and trajectory of the economy, as year-over-year comparisons help identify emerging trends and the overall health of the economic environment.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using standard statistical methods to determine the percent change between the current value and the value from the same period one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to gauge the strength and direction of the economy, informing decision-making and policy adjustments.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical delay of several weeks between the end of the reference period and the public release of the updated figures.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNL061080000), retrieved from FRED.