U.S. Granted Utility Patents Originating in Jefferson County, AL
PATENTCOUNTY01073 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.00
Year-over-Year Change
7.41%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors originating in Jefferson County, Alabama. It provides insight into the region's innovation and technological development.
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 U.S. Granted Utility Patents Originating in Jefferson County, AL series measures the number of utility patents issued by the U.S. Patent and Trademark Office to inventors with a residential address in Jefferson County, Alabama. This data serves as an indicator of the county's technological and innovative output.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported through the Federal Reserve Economic Data (FRED) system.
Historical Context
Economists and policymakers use this data to assess the innovative capacity and technological competitiveness of the Jefferson County region.
Key Facts
- Jefferson County, AL is home to the city of Birmingham.
- Patent data is a key indicator of technological and scientific advancement.
- Utility patents protect new and useful inventions or improvements.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors with a residential address in Jefferson County, Alabama. Utility patents protect new and useful inventions or improvements.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the innovative and technological capacity of the Jefferson County region, which is useful for economists, policymakers, and businesses analyzing economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the innovative potential and technological competitiveness of the Jefferson County region, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be delays in reporting the latest patent data, as it can take time for the U.S. Patent and Trademark Office to process and report new grants.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Jefferson County, AL (PATENTCOUNTY01073), retrieved from FRED.