Percent Change, Not Seasonally Adjusted
This dataset tracks percent change, not seasonally adjusted over time.
Latest Value
0.80
Year-over-Year Change
-80.49%
Date Range
4/1/2009 - 1/1/2025
Summary
This economic trend measures the quarterly percent change in total tax revenue for state and local governments in the United States, not adjusted for seasonal variations. It provides insights into government fiscal conditions and economic activity.
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, Not Seasonally Adjusted series tracks the quarter-over-quarter change in total tax revenue collected by state and local governments across the country. This metric is used by policymakers and analysts to gauge the health of government finances and the broader economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of state and local government entities.
Historical Context
This trend is closely monitored by economists and policymakers to assess the impact of economic conditions on government budgets and fiscal policy.
Key Facts
- Tax revenue accounts for over a third of total state and local government funding.
- This metric reflects changes in employment, consumer spending, and business activity.
- Quarterly percent changes can signal economic expansions or contractions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in total tax revenue collected by state and local governments in the United States, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health of government budgets and the broader state of the economy, as tax revenue is closely tied to employment, consumer spending, and business activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of state and local government entities.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the impact of economic conditions on government budgets and inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may not fully capture the immediate impact of economic changes on tax revenue.
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Citation
U.S. Federal Reserve, Percent Change, Not Seasonally Adjusted (REV713TAXABL157QNSA), retrieved from FRED.