Expenditures: Apparel, Men and Boys by Occupation: Wage and Salary Earners: Operators, Fabricators and Laborers
CXUMENBOYSLB1208M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
511.00
Year-over-Year Change
60.69%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on men's and boys' apparel by wage and salary earners employed as operators, fabricators, and laborers. It provides insights into consumption patterns and spending habits within this key demographic.
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: Apparel, Men and Boys by Occupation: Wage and Salary Earners: Operators, Fabricators and Laborers trend tracks monthly consumer spending on men's and boys' clothing by a critical segment of the U.S. workforce. This data is used by economists and policymakers to analyze household consumption and assess the economic well-being of working-class families.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend offers insights into the spending behavior of a key labor force demographic, which can inform economic policy decisions and market strategies.
Key Facts
- This trend has been tracked since 1984.
- Operators, fabricators, and laborers make up approximately 20% of the U.S. workforce.
- Apparel spending by this group accounts for around 10% of total household expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on men's and boys' apparel by wage and salary earners employed as operators, fabricators, and laborers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the spending habits and economic well-being of a key segment of the U.S. workforce, which can inform policy decisions and market strategies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend offers insights into the consumption patterns and economic conditions of working-class families, which can inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of approximately two months.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Men and Boys by Occupation: Wage and Salary Earners: Operators, Fabricators and Laborers (CXUMENBOYSLB1208M), retrieved from FRED.