Consumer Unit Characteristics: Number of Children Under 18 by Region: Residence in the Midwest Census Region
CXU980050LB1103M • 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 years old living in households located in the Midwest Census Region of the United States. This metric is crucial for policymakers and economists to understand regional family dynamics and household composition.
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 dataset tracks demographic data on U.S. households, including information on the number of children present. The Midwest Census Region trend specifically looks at this variable for households in states like Illinois, Ohio, and Michigan.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey, a nationally representative household survey.
Historical Context
This trend is widely used to inform policy decisions and market analysis related to family support, childcare, and regional economic conditions.
Key Facts
- The Midwest Census Region includes 12 states, from Ohio to the Dakotas.
- Household size and composition varies significantly across U.S. regions.
- Childcare availability and costs are major economic factors for many families.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of children under 18 years old living in households located in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to understand regional family dynamics and household composition, which informs decisions around family support, childcare, and regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey, a nationally representative household survey.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform policy decisions and market analysis related to family support, childcare, and regional economic conditions.
Q: Are there update delays or limitations?
A: The Consumer Expenditure Survey data is updated quarterly, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Number of Children Under 18 by Region: Residence in the Midwest Census Region (CXU980050LB1103M), retrieved from FRED.