Expenditures: Processed Vegetables by Occupation: Wage and Salary Earners: Construction Workers and Mechanics
CXUPROCVEGLB1207M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170.00
Year-over-Year Change
9.68%
Date Range
1/1/1984 - 1/1/2022
Summary
This economic trend measures the monthly expenditures on processed vegetables by construction workers and mechanics who are wage and salary earners. It provides insights into the consumption patterns and budgeting priorities of this occupational group.
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: Processed Vegetables by Occupation: Wage and Salary Earners: Construction Workers and Mechanics trend tracks the monthly spending on processed vegetable products by individuals employed in the construction and mechanic trades. This data is used by economists to analyze the purchasing behavior and living standards of blue-collar workers.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic well-being and consumption habits of a key segment of the labor force.
Key Facts
- Construction workers and mechanics account for over 10% of the U.S. workforce.
- Processed vegetables make up around 5% of monthly food expenditures for this occupational group.
- Spending on processed vegetables has increased by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly expenditures on processed vegetables by construction workers and mechanics who are wage and salary earners.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the consumption patterns and budgeting priorities of a key segment of the blue-collar labor force, which is useful 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 by economists and policymakers to understand the economic well-being and consumption habits of construction workers and mechanics, which are important for assessing the broader health of the labor market and economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. The survey sample may not fully represent all construction workers and mechanics.
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Citation
U.S. Federal Reserve, Expenditures: Processed Vegetables by Occupation: Wage and Salary Earners: Construction Workers and Mechanics (CXUPROCVEGLB1207M), retrieved from FRED.