Expenditures: Education by Region: Residence in the Northeast Census Region
CXUEDUCATNLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,600.00
Year-over-Year Change
60.49%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures education expenditures by consumers residing in the Northeast census region of the United States. It provides valuable insights into regional variations in household spending on education.
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 Expenditures: Education by Region: Residence in the Northeast Census Region series tracks monthly consumer spending on education for individuals living in the Northeastern United States. This data is used by economists and policymakers to analyze regional trends in education-related household consumption.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric helps inform decisions around educational policy, funding, and market opportunities in the Northeast region.
Key Facts
- The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Education expenditures account for a significant portion of household budgets in the Northeast.
- This data series has been tracked by the Federal Reserve since the 1980s.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending on education for individuals residing in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into regional variations in household education expenditures, which is useful for economists, policymakers, and businesses operating in the Northeast.
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 metric informs decisions around educational policy, funding, and market opportunities in the Northeast region.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Expenditures: Education by Region: Residence in the Northeast Census Region (CXUEDUCATNLB1102M), retrieved from FRED.