Consumer Unit Characteristics: Percent Elementary (1-8) by Region: Residence in the Northeast Census Region
CXU980290LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-33.33%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the percentage of consumer units with a head of household who has completed elementary (1-8) education, specifically for those residing in the Northeast Census Region of the United States.
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 provides insights into the demographic and socioeconomic characteristics of American households. This particular series focuses on the educational attainment of consumer unit heads in the Northeast region, which is valuable for understanding regional differences in human capital.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is useful for policymakers and economists analyzing regional variations in educational attainment and its potential impact on economic outcomes.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- In 2021, the percentage of consumer units with a head of household who had completed elementary (1-8) education in the Northeast was 3.4%.
- Educational attainment is a key indicator of human capital and can influence economic outcomes such as income, employment, and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of consumer units, or households, in the Northeast Census Region where the head of the household has completed elementary (1-8) education.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the educational attainment of consumer units in the Northeast, which is important for understanding regional variations in human capital and can inform economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers and economists to analyze regional differences in educational attainment and its potential impact on economic outcomes, such as income, employment, and productivity.
Q: Are there update delays or limitations?
A: The Consumer Expenditure Survey, which provides the data for this trend, is updated on a regular basis, but there may be some delay between the reference period and the data release.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Elementary (1-8) by Region: Residence in the Northeast Census Region (CXU980290LB1102M), retrieved from FRED.