Expenditures: Food at Home by Occupation: Wage and Salary Earners: Technological, Sales, and Clerical Workers
CXUFOODHOMELB1205M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,736.00
Year-over-Year Change
59.64%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend tracks expenditures on food consumed at home by wage and salary earners in technological, sales, and clerical occupations. It provides insights into the spending patterns and cost-of-living dynamics for a key segment of the U.S. workforce.
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 Expenditures: Food at Home by Occupation: Wage and Salary Earners: Technological, Sales, and Clerical Workers trend represents the average monthly expenditures on food consumed at home by individuals employed in these occupations. It is used by economists and policymakers to analyze household budgets, consumer behavior, and the relative purchasing power of different worker groups.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding the economic well-being and cost-of-living challenges faced by a large portion of the U.S. labor force.
Key Facts
- The data is reported on a monthly basis.
- Technological, sales, and clerical workers make up a significant portion of the U.S. labor force.
- Food expenditures are a major component of household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on food consumed at home by wage and salary earners employed in technological, sales, and clerical occupations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the spending patterns and cost-of-living dynamics for a key segment of the U.S. workforce, which is relevant for understanding household budgets, consumer behavior, and economic well-being.
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 trend is used by economists and policymakers to analyze the economic well-being and cost-of-living challenges faced by technological, sales, and clerical workers, which can inform decisions related to wages, benefits, and economic policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Expenditures: Food at Home by Occupation: Wage and Salary Earners: Technological, Sales, and Clerical Workers (CXUFOODHOMELB1205M), retrieved from FRED.