Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Louisiana
Quarterly, Seasonally Adjusted
LAHLTHSOCASSQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.92
Year-over-Year Change
10.04%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the seasonally adjusted per capita social assistance payments made by state and local governments in the United States. This economic indicator provides insights into the provision of social safety net programs.
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 Quarterly, Seasonally Adjusted series represents the per capita dollar amount of social assistance payments made by state and local governments, adjusted for seasonal variations. This metric is used by economists and policymakers to evaluate the scope and effectiveness of social welfare programs across the U.S.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on reports from state and local government agencies.
Historical Context
This economic indicator is relevant for assessing the accessibility and utilization of social assistance programs, which can inform policy decisions related to income inequality, poverty alleviation, and the social safety net.
Key Facts
- The Quarterly, Seasonally Adjusted series dates back to 1947.
- Social assistance payments represent about 2% of total U.S. government expenditures.
- The highest per capita social assistance payment on record was in Q2 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the per capita dollar amount of social assistance payments made by state and local governments in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This economic indicator provides insights into the scope and effectiveness of social welfare programs, which is relevant for economists, policymakers, and researchers studying income inequality, poverty, and the social safety net.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on reports from state and local government agencies.
Q: How is this trend used in economic policy?
A: This economic indicator is used by policymakers and government institutions to assess the accessibility and utilization of social assistance programs, which can inform decisions related to income inequality, poverty alleviation, and the social safety net.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is updated on a quarterly basis, with a typical delay of 3 months from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LAHLTHSOCASSQQGSP), retrieved from FRED.