Expenditures: Pets, Toys, and Playground Equipment by Occupation: Self-Employed Workers
CXUPETSPLAYLB1202M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,530.00
Year-over-Year Change
86.81%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on pets, toys, and playground equipment by self-employed workers. It provides insights into consumer spending patterns and the financial behavior of independent professionals.
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: Pets, Toys, and Playground Equipment by Occupation: Self-Employed Workers metric tracks monthly changes in consumer spending on these discretionary items among the self-employed population. This data helps economists and policymakers understand the financial priorities and disposable income levels of independent contractors and small business owners.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to assess consumer confidence, retail market conditions, and the overall economic well-being of self-employed individuals.
Key Facts
- Self-employed workers account for about 10% of the U.S. labor force.
- Spending on pets, toys, and playground equipment represents around 2% of total household expenditures.
- The data series began in January 2012.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on pets, toys, and playground equipment by self-employed workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the discretionary spending patterns and financial well-being of independent professionals and small business owners, which are important indicators for economists and policymakers.
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 is used to assess consumer confidence, retail market conditions, and the overall economic health of the self-employed population, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months. There may be limitations in capturing the full scope of self-employed household spending.
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Citation
U.S. Federal Reserve, Expenditures: Pets, Toys, and Playground Equipment by Occupation: Self-Employed Workers (CXUPETSPLAYLB1202M), retrieved from FRED.