Consumer Unit Characteristics: Number of Earners by Region: Residence in the Northeast Census Region
CXU980030LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the number of earners per consumer unit in the Northeast Census Region of the United States. Understanding household employment dynamics is crucial for policymakers and economists assessing regional economic conditions.
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 'Number of Earners by Region' data series tracks the average number of income earners per consumer unit (household) across the four major U.S. Census regions. This metric provides insight into regional differences in household employment and purchasing power.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and market analysts use this metric to assess regional economic trends and household financial health.
Key Facts
- The average number of earners per consumer unit in the Northeast is 1.31.
- Household employment in the Northeast is higher than the national average.
- This metric has declined slightly over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of income earners per consumer unit (household) in the Northeastern region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Understanding regional differences in household employment is crucial for policymakers and economists assessing economic conditions and purchasing power.
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: Policymakers and market analysts use this metric to assess regional economic trends and household financial health.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Expenditures: Laundry and Cleaning Supplies by Region: Residence in the Northeast Census Region
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New Privately Owned Housing Completions by Design Type, Attached One-Family Units in the Northeast Census Region
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Number of Earners by Region: Residence in the Northeast Census Region (CXU980030LB1102M), retrieved from FRED.