Expenditures: Fuel Oil and Other Fuels by Occupation: Total Wage and Salary Earners
CXUOTHRFUELLB1203M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.00
Year-over-Year Change
-25.17%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the total expenditures on fuel oil and other fuels by total wage and salary earners in the United States. It provides insights into consumer spending on essential energy products.
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: Fuel Oil and Other Fuels by Occupation: Total Wage and Salary Earners trend represents household-level data on consumer outlays for heating fuels and other energy sources. This metric is widely used by economists and policymakers to analyze energy consumption patterns and the impact of energy prices on household budgets.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by government agencies, energy analysts, and consumer advocates to inform policies and market strategies.
Key Facts
- Fuel oil and other fuel expenditures account for a significant portion of household budgets.
- Fluctuations in this trend can indicate changes in consumer demand and energy market conditions.
- The data is seasonally adjusted to reflect typical consumption patterns throughout the year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenditures on fuel oil and other fuels by wage and salary earners in the United States. It provides insights into consumer spending on essential energy products.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze energy consumption patterns and the impact of energy prices on household budgets. It helps inform policies and market strategies related to energy markets and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, energy analysts, and consumer advocates to inform policies and market strategies related to energy prices and household energy consumption.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks. There may be limitations due to the survey-based nature of the data collection.
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Citation
U.S. Federal Reserve, Expenditures: Fuel Oil and Other Fuels by Occupation: Total Wage and Salary Earners (CXUOTHRFUELLB1203M), retrieved from FRED.