Unit Labor Costs for Private Nonfarm in Missouri
Percent Change from Year Ago
IPUZNU101290000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-58.33%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the year-over-year change in a given economic indicator. This metric provides insights into the pace and direction of economic 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 trend represents the percentage change in a selected economic variable compared to the same period one year earlier. It is a widely used metric for analyzing economic trends and performance over time.
Methodology
The data is calculated by the U.S. Federal Reserve based on reported economic indicators.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the overall health and trajectory of the economy.
Key Facts
- The 'Percent Change from Year Ago' can be positive or negative.
- This metric is seasonally adjusted to remove regular cyclical patterns.
- It is used to track changes in GDP, employment, inflation, and other key economic variables.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year percentage change in a given economic indicator, providing insights into the pace and direction of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and investors to analyze economic performance and make informed decisions about the overall health and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on reported economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge the overall health and trajectory of the economy, which informs decision-making on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The 'Percent Change from Year Ago' data is updated regularly by the Federal Reserve, but there may be slight delays in reporting due to the time required to collect and process the underlying economic indicators.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNU101290000), retrieved from FRED.