Business Applications with Planned Wages for Illinois
Percent Change from Year Ago
WBUSAPPWNSAILYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-20.59
Year-over-Year Change
-904.30%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in the value of a given economic indicator. This metric provides insight into the direction and pace of economic trends.
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
The 'Percent Change from Year Ago' indicator calculates the percentage change in a variable compared to the same period a year earlier. This allows economists and policymakers to analyze underlying growth or decline in the economy beyond short-term fluctuations.
Methodology
The data is calculated based on the raw values of the economic indicator being measured.
Historical Context
This trend is widely used to contextualize and interpret a variety of economic data releases.
Key Facts
- Measures year-on-year percent change.
- Provides insight into economic direction and pace.
- Commonly used to analyze economic indicator data.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator measures the year-over-year percentage change in the value of an economic variable.
Q: Why is this trend relevant for users or analysts?
A: This metric allows economists and policymakers to analyze underlying growth or decline in the economy beyond short-term fluctuations.
Q: How is this data collected or calculated?
A: The data is calculated based on the raw values of the economic indicator being measured.
Q: How is this trend used in economic policy?
A: This trend is widely used to contextualize and interpret a variety of economic data releases for markets, economists, and policymakers.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential revisions as the underlying economic indicator.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (WBUSAPPWNSAILYY), retrieved from FRED.