Net Change in Total Liabilities by Occupation: Wage and Salary Earners: Construction Workers and Mechanics
CXUCHGLIABLB1207M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,259.00
Year-over-Year Change
151.79%
Date Range
1/1/1984 - 1/1/2021
Summary
This economic trend measures the net change in total liabilities for wage and salary earners in the construction and mechanics occupations. It provides insights into the financial health and borrowing patterns of these key blue-collar workers.
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 Net Change in Total Liabilities by Occupation data tracks the month-over-month change in total outstanding debt, including mortgages, consumer loans, and other liabilities, for specific occupational groups. This metric is used by economists and policymakers to gauge the financial conditions and spending power of different segments of the labor force.
Methodology
The data is collected through surveys of households and compiled by the U.S. Federal Reserve.
Historical Context
This trend is closely monitored for its implications on consumer spending, housing market activity, and the broader economic outlook.
Key Facts
- Construction workers and mechanics account for over 10% of the U.S. labor force.
- Liabilities for this group tend to rise during economic expansions and decline in recessions.
- Trends in this data can signal changes in housing and infrastructure investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month net change in total liabilities, including mortgages, loans, and other debt, for wage and salary earners in the construction and mechanics occupations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and borrowing patterns of a key segment of the labor force, which has implications for consumer spending, housing market activity, and the broader economic outlook.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge the financial conditions and spending power of construction workers and mechanics, which can inform decisions related to consumer spending, housing, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 6-8 weeks from the reference period.
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Citation
U.S. Federal Reserve, Net Change in Total Liabilities by Occupation: Wage and Salary Earners: Construction Workers and Mechanics (CXUCHGLIABLB1207M), retrieved from FRED.