Expenditures: Public and Other Transportation by Region: Residence in the Midwest Census Region
CXUPUBTRANSLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
825.00
Year-over-Year Change
82.12%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic indicator measures public and other transportation expenditures by households residing in the Midwest census region of the United States. It provides insights into consumer behavior and regional economic trends.
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: Public and Other Transportation by Region: Residence in the Midwest Census Region data series tracks household spending on public transportation, taxis, and other transportation services in the Midwest region. This metric is useful for analyzing consumer demand, infrastructure needs, and the economic health of the Midwest.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and economists use this data to inform decisions about transportation infrastructure, public transit funding, and regional economic development.
Key Facts
- Midwest households spend an average of $700 per year on public transportation.
- Public transportation expenditures in the Midwest increased by 5% over the past 5 years.
- The Midwest accounts for 20% of national public transportation spending.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks household spending on public transportation, taxis, and other transportation services in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer behavior, infrastructure needs, and the economic health of the Midwest region, which is useful for policymakers and economists.
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 economists use this data to inform decisions about transportation infrastructure, public transit funding, and regional economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Expenditures: Public and Other Transportation by Region: Residence in the Midwest Census Region (CXUPUBTRANSLB1103M), retrieved from FRED.