State and Local government consumption expenditures: Gross output of general government: Value added: Compensation of general government employees
B251RC1Q027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,843.35
Year-over-Year Change
19.40%
Date Range
1/1/1947 - 4/1/2025
Summary
This economic trend measures compensation paid to state and local government employees, which is a key component of general government gross output and value added.
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
Compensation of general government employees is a measure of the labor costs incurred by state and local governments in producing public services. It is used to assess the size and role of the public sector in the overall economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This metric is closely watched by policymakers and analysts to gauge the fiscal health and spending patterns of state and local governments.
Key Facts
- Compensation is the largest component of state/local government value added.
- Trends in this metric reflect changes in public sector employment and wages.
- The data is published quarterly with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: This metric measures the labor costs incurred by state and local governments in producing public services, including employee wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: Compensation of general government employees is a key indicator of the size and fiscal health of the public sector, which is closely watched by policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This metric is used by government officials, central banks, and analysts to monitor the fiscal conditions and spending patterns of state and local governments, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, State and Local government consumption expenditures: Gross output of general government: Value added: Compensation of general government employees (B251RC1Q027SBEA), retrieved from FRED.