Consumer Unit Characteristics: Percent Hispanic or Latino by Region: Residence in the Northeast Census Region
CXU980285LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
30.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the percentage of consumer units (households) in the Northeast Census Region that identify as Hispanic or Latino. It provides insights into the demographic composition of households in this region.
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 survey collects data on the socioeconomic and demographic characteristics of consumer units across the United States. The Percent Hispanic or Latino by Region measure specifically examines the ethnic makeup of households in the Northeast region.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is useful for policymakers and businesses to understand regional consumer demographics and target products or services accordingly.
Key Facts
- The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- In 2021, the Percent Hispanic or Latino in the Northeast region was 15.9%.
- The share of Hispanic or Latino consumer units has increased over time in the Northeast.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of consumer units (households) in the Northeast Census Region that identify as Hispanic or Latino.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the demographic composition of households in the Northeast region, which is useful for policymakers and businesses targeting products or services to regional consumer markets.
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 be used by policymakers and businesses to understand regional consumer demographics and make informed decisions about targeting products, services, and policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not reflect the most recent changes in regional consumer demographics.
Related Trends
New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Northeast Census Region
COMPPFS1FNEQ
New Privately-Owned Housing Units Authorized but Not Started: Single-Family Units in the Northeast Census Region
AUTHNOTNE1U
New Houses Sold by Sales Price Between $300,000 and $399,999 in the Northeast Census Region
NHSNESP30T39A
Other Separations: Total Nonfarm in Northeast Census Region
JTU00NEOSL
New Houses Sold by Sales Price Under $300,000 in the Northeast Census Region
NHSNESPU30A
Net Change in Total Liabilities by Region: Residence in the Northeast Census Region
CXUCHGLIABLB1102M
Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Hispanic or Latino by Region: Residence in the Northeast Census Region (CXU980285LB1102M), retrieved from FRED.