Government social insurance funds: Current state and local expenditures: Administrative expenses (consumption expenditures)
B741RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.59
Year-over-Year Change
48.70%
Date Range
1/1/1942 - 1/1/2023
Summary
This economic trend measures government spending on administrative expenses for state and local social insurance programs. It provides insights into the operational costs of public social safety net programs.
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 'Government social insurance funds: Current state and local expenditures: Administrative expenses (consumption expenditures)' series tracks government spending on the administrative costs of operating state and local social insurance programs. This metric is used by economists and policymakers to analyze the efficiency and overhead costs of public social welfare initiatives.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is relevant for understanding the operational costs and resource allocation within government social programs.
Key Facts
- Measures state and local government spending on social program administration.
- Provides insights into operational efficiency of public social safety net.
- Tracked as part of the National Income and Product Accounts.
FAQs
Q: What does this economic trend measure?
A: This trend measures government spending on the administrative and operational costs of state and local social insurance programs, such as Medicaid, unemployment insurance, and other public welfare initiatives.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to understand the efficiency and resource allocation within government social programs, which can inform policy decisions and budget planning.
Q: How is this data collected or calculated?
A: The data is collected and reported 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 trend provides insights into the operational costs of public social safety net programs, which can inform policy discussions around program funding, oversight, and reform.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revisions of the National Income and Product Accounts, so there may be some latency in the most recent figures.
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Citation
U.S. Federal Reserve, Government social insurance funds: Current state and local expenditures: Administrative expenses (consumption expenditures) (B741RC1A027NBEA), retrieved from FRED.