Growth Rate Previous Period, Annual, Not Seasonally Adjusted
ULQBBU07EUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
-65.41%
Date Range
1/1/1996 - 1/1/2010
Summary
The growth rate previous period, annual, not seasonally adjusted measure tracks the year-over-year change in a given economic variable. This metric is crucial for economists and policymakers to assess long-term economic trends and inform 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 metric compares the current value of an economic indicator to its value from the same period in the previous year. It provides a snapshot of the annual pace of change for the variable, offering important context for analyzing economic conditions and trajectories.
Methodology
The U.S. Bureau of Labor Statistics collects the underlying data and calculates this annual growth rate.
Historical Context
Analysts and policymakers frequently use this trend to evaluate the strength and direction of the broader economy.
Key Facts
- The growth rate is calculated as the year-over-year percent change.
- This metric provides valuable insights into the pace of economic expansion or contraction.
- Policymakers closely monitor annual growth rates to guide decisions on interest rates, fiscal policy, and other interventions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in a given economic indicator, providing insights into the annual pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: The annual growth rate is a critical indicator for evaluating long-term economic trends and informing policy decisions by governments, central banks, and other institutions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects the underlying data and calculates the annual growth rate.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor annual growth rates to assess the strength of the economy and guide decisions on interest rates, fiscal policy, and other interventions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the metric may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (ULQBBU07EUA657S), retrieved from FRED.