All Employees: Other Services in Pennsylvania
Monthly, Not Seasonally Adjusted
PASRVON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
276.30
Year-over-Year Change
3.60%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'Monthly, Not Seasonally Adjusted' economic trend measures the value of personal savings as a percentage of disposable personal income, without adjusting for seasonal variations. This metric provides insights into consumer spending and saving patterns.
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 personal savings rate is an important economic indicator that reflects the portion of disposable personal income that households are saving rather than spending. This data series is used by policymakers and analysts to understand consumer behavior and its implications for the broader economy.
Methodology
The U.S. Bureau of Economic Analysis calculates this data based on personal income and expenditure surveys.
Historical Context
The personal savings rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The personal savings rate averaged 3.1% in 2022.
- Savings rates tend to rise during economic downturns.
- High savings can indicate consumer caution about spending.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Not Seasonally Adjusted' trend measures the personal savings rate, which is the percentage of disposable personal income that households save rather than spend.
Q: Why is this trend relevant for users or analysts?
A: The personal savings rate provides insights into consumer behavior and spending patterns, which are key factors influencing broader economic conditions and policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this data based on personal income and expenditure surveys.
Q: How is this trend used in economic policy?
A: The personal savings rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that aim to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The personal savings rate data is published monthly with a lag of approximately one month.
Related Trends
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All Employees: Other Services in Pennsylvania
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Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Pennsylvania
PAPCEPCHOUSUTL
Real Per Capita Personal Income: Nonmetropolitan Portion for Pennsylvania
PANMPRPIPC
Monthly State Retail Sales: Sporting Good, Hobby, Musical Instrument and Book Stores in Pennsylvania
MSRSPA451
Citation
U.S. Federal Reserve, Personal Savings Rate (PASRVON), retrieved from FRED.