All Sectors; Social Contributions Paid (IMA), Transactions
ASSCPAA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,338,453.00
Year-over-Year Change
92.60%
Date Range
1/1/1946 - 1/1/2024
Summary
This economic trend measures the value of social contributions paid by employers and employees across all sectors of the U.S. economy. It provides insight into the overall level of social insurance funding.
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 All Sectors; Social Contributions Paid (IMA), Transactions series tracks the total value of social contributions, including payments for pensions, health insurance, and other social programs. This metric is used by economists and policymakers to analyze labor market conditions and social safety net funding.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government agencies.
Historical Context
Trends in social contributions can inform economic policy decisions related to social insurance programs.
Key Facts
- Social contributions fund key social insurance programs like Social Security and Medicare.
- Payments come from both employers and employees.
- The trend reflects overall economic activity and labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of social contributions paid by employers and employees across all sectors of the U.S. economy, including payments for pensions, health insurance, and other social programs.
Q: Why is this trend relevant for users or analysts?
A: Trends in social contributions provide insight into labor market conditions and the overall funding of the social safety net, which is crucial information for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the funding and sustainability of social insurance programs, as well as to understand broader labor market and economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, All Sectors; Social Contributions Paid (IMA), Transactions (ASSCPAA027N), retrieved from FRED.