Expenditures: Personal Care Products and Services by Occupation: Wage and Salary Earners: Construction Workers and Mechanics
CXUPERSCARELB1207M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
707.00
Year-over-Year Change
70.77%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures personal care expenditures for construction workers and mechanics, providing insights into the spending patterns and financial well-being of this important labor segment.
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: Personal Care Products and Services by Occupation: Wage and Salary Earners: Construction Workers and Mechanics' series tracks monthly consumer spending on personal care items and services by this specific occupational group. This data point is useful for analyzing the financial health and consumption behaviors of construction and mechanical workers.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator is relevant for policymakers, economists, and industry analysts seeking to understand consumer trends and the financial status of blue-collar workers.
Key Facts
- Construction and mechanical workers account for over 10% of the U.S. labor force.
- Personal care spending represents about 2% of total expenditures for this occupational group.
- Trends in this metric can signal changes in the financial health of blue-collar workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly personal care expenditures for construction workers and mechanics, providing insights into the spending patterns and financial well-being of this labor segment.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers, economists, and industry analysts seeking to understand consumer trends and the financial status of blue-collar workers.
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 economic indicator is relevant for understanding the financial health and consumption behaviors of construction and mechanical workers, which can inform policies and programs affecting this important labor segment.
Q: Are there update delays or limitations?
A: The data is published monthly with typical government data publication lags.
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Citation
U.S. Federal Reserve, Expenditures: Personal Care Products and Services by Occupation: Wage and Salary Earners: Construction Workers and Mechanics (CXUPERSCARELB1207M), retrieved from FRED.