Consumer Unit Characteristics: Percent Men Reference Persons by Region: Residence in the Northeast Census Region
CXU980210LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.00
Year-over-Year Change
6.67%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the percentage of men who are the reference persons in consumer units residing in the Northeast Census Region of the United States. It provides insights into household demographics and consumption patterns in this geographic area.
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 families, single persons living alone or sharing a household with others, or other multi-person households. The Percent Men Reference Persons by Region metric specifically looks at the gender breakdown of reference persons, or the members who make the main economic decisions, within different U.S. Census regions.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and analysts use this information to understand regional consumer behavior and household dynamics.
Key Facts
- The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Reference persons are the members of a consumer unit who make the main economic decisions.
- This data has been collected since 1984 as part of the Consumer Expenditure Survey.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of men who are the reference persons, or main economic decision-makers, in consumer units residing 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 household demographics and consumption patterns in the Northeast region, which is valuable for policymakers, businesses, and economists analyzing regional 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: Policymakers and analysts use this information to understand regional consumer behavior and household dynamics, which can inform economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis as part of the ongoing Consumer Expenditure Survey, but there may be some delays in availability.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Men Reference Persons by Region: Residence in the Northeast Census Region (CXU980210LB1102M), retrieved from FRED.