Real state and local government consumption expenditures: Gross output of general government: Value added: Compensation of general government employees
B251RX1Q020SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,466.43
Year-over-Year Change
10.44%
Date Range
1/1/2007 - 4/1/2025
Summary
This economic trend measures the real value-added compensation of state and local government employees, which is a key component of overall government spending and a significant factor in the broader economy.
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 Real State and Local Government Consumption Expenditures: Gross Output of General Government: Value Added: Compensation of General Government Employees indicator provides insights into the real cost of labor for state and local government operations. This metric is used by economists and policymakers to analyze government fiscal conditions and the overall macroeconomic environment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
This trend is relevant for assessing the role of government spending and employment in economic growth and policy decisions.
Key Facts
- Real state and local government compensation accounts for over 10% of total U.S. GDP.
- This metric has shown steady growth over the past decade, reflecting rising public sector wages.
- Trends in government compensation can signal changes in public sector employment and fiscal policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real value-added compensation of state and local government employees, which is a key component of overall government spending and a significant factor in the broader economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the cost of labor for state and local government operations, which is used by economists and policymakers to analyze government fiscal conditions and the overall macroeconomic environment.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing the role of government spending and employment in economic growth and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have publication lags, but it provides a reliable indicator of state and local government compensation trends.
Related Trends
Real state and local government consumption expenditures: Gross output of general government: Value added: Consumption of general government fixed capital
B986RX1Q020SBEA
Federal income and excess profits taxes, IRS: Taxes paid by domestic corporations to foreign governments on income earned abroad
B1199C1A027NBEA
National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Durable goods: Vehicles
B288RC1Q027SBEA
Real Government Consumption Expenditures and Gross Investment: Federal: Health
W634RL1A225NBEA
Local government current receipts: Current transfer receipts: from persons
W849RC1A027NBEA
Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Gross Investment: Intellectual Property Products: Software
Y072RZ2Q224SBEA
Citation
U.S. Federal Reserve, Real state and local government consumption expenditures: Gross output of general government: Value added: Compensation of general government employees (B251RX1Q020SBEA), retrieved from FRED.