Labor Compensation: Earnings: Manufacturing: Hourly for OECD
Growth rate same period previous year
OECDLCEAMN01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.17
Year-over-Year Change
5.52%
Date Range
1/1/1990 - 3/1/2025
Summary
The 'Growth rate same period previous year' measures the year-over-year change in a specific economic indicator. This metric is a key statistic for analyzing economic trends and informing policy decisions.
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 growth rate compares a current period's value to the same period in the previous year, providing insight into the pace of economic change. Economists and policymakers use this data to identify turning points, evaluate policy impacts, and forecast future conditions.
Methodology
The growth rate is calculated as the percent change between a current period's value and the corresponding period one year prior.
Historical Context
This indicator is widely tracked and used to assess the health of national and global economies.
Key Facts
- The growth rate can be positive, negative, or zero.
- It provides a snapshot of economic performance over time.
- Changes in the growth rate signal shifts in the broader economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' measures the percent change in an economic indicator compared to the same period one year earlier.
Q: Why is this trend relevant for users or analysts?
A: This growth rate statistic is a critical tool for evaluating economic conditions, identifying turning points, and informing policy decisions.
Q: How is this data collected or calculated?
A: The growth rate is calculated as the percent change between a current period's value and the corresponding period one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor growth rates to assess the health of national and global economies, and to evaluate the impacts of policy changes.
Q: Are there update delays or limitations?
A: This data is typically published with a short delay and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (OECDLCEAMN01GYSAM), retrieved from FRED.