Consumer Unit Characteristics: Number of People in CU by Region: Residence in the Northeast Census Region
CXU980010LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the number of people in consumer units (households) residing in the Northeast Census Region of the United States. It provides insight into regional demographic patterns and consumer behavior.
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 Consumer Unit Characteristics data tracks various characteristics of consumer units, which are defined as households or families that make joint purchasing decisions. This particular series focuses on the average number of people per consumer unit in the Northeastern United States.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This regional consumer unit data is used by economists and policymakers to analyze trends in household composition and consumer demand.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- In 2022, the average consumer unit in the Northeast had 2.5 people.
- This series has been tracked by the U.S. Bureau of Labor Statistics since 1984.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of people per consumer unit (household) in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This regional consumer unit data provides insights into demographic patterns and consumer behavior, which is valuable for economists, policymakers, and businesses operating in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This regional consumer unit data is used by economists and policymakers to analyze trends in household composition and consumer demand, which can inform economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a delay of approximately two months.
Related Trends
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New Privately Owned Housing Starts by Number of Units in Building, 20 or more Units in the Northeast Census Region
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Housing Inventory Estimate: Renter Occupied Housing Units in the Northeast Census Region
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Expenditures: Owned Dwellings by Region: Residence in the Northeast Census Region
CXUOWNDWELLLB1102M
New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Northeast Census Region
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Net Change in Total Assets and Liabilities by Region: Residence in the Northeast Census Region
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Number of People in CU by Region: Residence in the Northeast Census Region (CXU980010LB1102M), retrieved from FRED.