Consumer Unit Characteristics: Number of Children Under 18 by Region: Residence in the Northeast Census Region
CXU980050LB1102M • 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 children under 18 living in households in the Northeast Census Region of the United States. It provides insights into demographic patterns and informs policymakers on family and social welfare issues.
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 aspects of U.S. household composition, including the number of children present. The Northeast region-specific data offers a more granular view of this economic indicator for economic and policy analysis.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used by economists, policymakers, and market analysts to understand regional variations in household structure and composition.
Key Facts
- The Northeast region had an average of 0.59 children under 18 per household in 2022.
- Household composition data informs policies related to family support, education, and social services.
- The Northeast region accounts for approximately 17% of the total U.S. population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of children under 18 living in households located in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional demographic patterns and household composition, which is useful for policymakers, economists, and market analysts to understand social and economic trends.
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 trend is used by policymakers to inform decisions related to family support, education, and social services programs, as well as to understand regional variations in household structure.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be a 1-2 month delay in publication.
Related Trends
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New Privately Owned Housing Starts by Design Type, Attached One-Family Units in the Northeast Census Region
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Expenditures: Sugar and Other Sweets by Region: Residence in the Northeast Census Region
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Civilian Labor Force in Northeast Census Region
LAURD910000000000006A
Job Openings: Total Nonfarm in Northeast Census Region
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Personal Taxes: Federal Income Taxes by Region: Residence in the Northeast Census Region
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Number of Children Under 18 by Region: Residence in the Northeast Census Region (CXU980050LB1102M), retrieved from FRED.