Consumer Unit Characteristics: Percent Black or African American by Region: Residence in the Northeast Census Region
CXU980270LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
40.00%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the percentage of Black or African American consumer units in the Northeast census region of the United States. It provides insights into the demographic composition and spending patterns of households 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 socioeconomic attributes of consumer units, which are defined as households, families, or single consumers. This specific series focuses on the racial identity of consumer units residing in the Northeast region, shedding light on the diversity of economic decision-makers in that part of the country.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is useful for policymakers, marketers, and researchers analyzing regional consumer behavior and economic trends.
Key Facts
- The Northeast census region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- In 2022, the percentage of Black or African American consumer units in the Northeast region was 12.4%.
- The Northeast region has the second-highest percentage of Black or African American consumer units among the four major U.S. census regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Black or African American consumer units, which are defined as households, families, or single consumers, residing in the Northeast census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the demographic composition and spending patterns of households in the Northeast region, which is useful for policymakers, marketers, and researchers analyzing regional consumer behavior 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 can inform policymakers and researchers about the diversity of economic decision-makers in the Northeast region, which can be used to develop targeted policies and marketing strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in the release of the most recent figures.
Related Trends
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CXUFEDTAXESLB1102M
Expenditures: Apparel, Women and Girls by Region: Residence in the Northeast Census Region
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New Privately-Owned Housing Units Completed: Total Units in the Northeast Census Region
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Expenditures: Fuel Oil and Other Fuels by Region: Residence in the Northeast Census Region
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New Houses Sold by Sales Price Total in the Northeast Census Region
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CXUCHGLIABLB1102M
Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Black or African American by Region: Residence in the Northeast Census Region (CXU980270LB1102M), retrieved from FRED.