Percent Change, Seasonally Adjusted
This dataset tracks percent change, seasonally adjusted over time.
Latest Value
2.20
Year-over-Year Change
-51.11%
Date Range
10/1/2006 - 7/1/2024
Summary
This economic indicator measures the percent change in seasonally adjusted state and local government tax revenues. It provides insight into the overall fiscal health and spending capacity of state and local governments.
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 Percent Change, Seasonally Adjusted metric tracks the quarterly change in state and local government tax collections, a key component of government budgets and public services. Economists and policymakers use this data to assess the fiscal landscape and identify economic trends impacting government revenues.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on quarterly tax revenue reports from state and local governments.
Historical Context
Changes in this indicator can signal shifts in economic conditions, influencing policy decisions and market outlooks at the state and local level.
Key Facts
- Tracks quarterly percent change in seasonally adjusted state and local tax revenues.
- An important indicator of state and local government fiscal health and capacity.
- Data collected by the U.S. Census Bureau from quarterly tax revenue reports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percent change in seasonally adjusted state and local government tax revenues, providing insight into the fiscal health and spending capacity of these jurisdictions.
Q: Why is this trend relevant for users or analysts?
A: Changes in state and local tax revenues are closely watched by economists, policymakers, and market analysts as they signal shifts in economic conditions and government budgets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on quarterly tax revenue reports from state and local governments.
Q: How is this trend used in economic policy?
A: Fluctuations in this indicator can inform fiscal and economic policies at the state and local level, influencing decisions around budgets, spending, and public services.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis, with some lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Percent Change, Seasonally Adjusted (REV561YTAXABL157QSA), retrieved from FRED.