Consumer Unit Characteristics: Percent Black or African American by Region: Residence in the Midwest Census Region
CXU980270LB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
20.00%
Date Range
1/1/1984 - 1/1/2023
Summary
This trend measures the percentage of consumer units (households) in the Midwest Census Region that are Black or African American. It provides important demographic insights for economists and policymakers studying regional economic and social trends.
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 Consumer Unit Characteristics survey collects detailed data on the composition and spending patterns of U.S. households. The percent of Black or African American consumer units in the Midwest region is a key statistic for analyzing regional economic and social disparities.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is used by policymakers, researchers, and market analysts to understand regional demographic shifts and their economic implications.
Key Facts
- The Midwest Census Region includes 12 states in the central U.S.
- The percentage of Black or African American consumer units has remained around 12-13% in the Midwest since 2015.
- Regional demographic data is crucial for targeted economic and social policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of consumer units (households) in the Midwest Census Region that are Black or African American.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important demographic insights for economists and policymakers studying regional economic and social trends in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, researchers, and market analysts to understand regional demographic shifts and their economic implications.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a 3-month lag from the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Black or African American by Region: Residence in the Midwest Census Region (CXU980270LB1103M), retrieved from FRED.