Business Applications with Planned Wages for Midwest Census Region
Percent Change from Year Ago
WBUSAPPWNSAMWYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.21
Year-over-Year Change
-24.96%
Date Range
1/6/2007 - 6/28/2025
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percent change in the value of a time series. It is a key metric used by economists and policymakers to analyze economic performance and gauge inflationary pressures.
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 indicator calculates the percent change in a data series compared to the same period a year earlier. It provides insight into the momentum and underlying trends in the economy, beyond just the raw data values.
Methodology
The percent change is calculated by taking the current period value, subtracting the value from one year ago, and dividing by the prior year value.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor this metric to inform decisions around interest rates, inflation targeting, and other economic policies.
Key Facts
- This indicator is calculated on a wide range of economic time series.
- Percent change from a year ago removes seasonal effects for clearer trend analysis.
- The Federal Reserve uses this metric to help set monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator tracks the annual percent change in the value of an economic time series. It provides insight into the momentum and underlying trends in the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and analysts to assess economic performance, gauge inflationary pressures, and inform decisions around monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the current period value, subtracting the value from one year ago, and dividing by the prior year value.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor this metric to help set interest rates, inflation targets, and other economic policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the percent change metric can be affected by one-time events or statistical revisions. Users should consult source documentation for the latest information on data limitations.
Related Trends
Expenditures: Fruits and Vegetables by Region: Residence in the Midwest Census Region
CXUFRUITVEGLB1103M
Consumer Unit Characteristics: At Least One Vehicle Owned or Leased by Region: Residence in the Midwest Census Region
CXU980350LB1103M
Consumer Unit Characteristics: Income After Taxes by Region: Residence in the Midwest Census Region
CXUINCAFTAXLB1103M
Housing Inventory Estimate: Total Housing Units in the Midwest Census Region
ETOTALMWQ176N
Homeowner Vacancy Rate in the Midwest Census Region
RHVRMWQ156N
New Privately Owned Housing Completions Average Square Feet of Floor Area for One-Family Units in the Midwest Census Region
COMPSFLAA1FMWQ
Citation
U.S. Federal Reserve, Percent Change from Year Ago (WBUSAPPWNSAMWYY), retrieved from FRED.