Income Before Taxes: Self-Employment Income by Region: Residence in the Northeast Census Region
CXUSFEMPINCLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,017.00
Year-over-Year Change
307.03%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures self-employment income before taxes for individuals residing in the Northeast Census Region of the United States. It provides important insights into the financial well-being and economic activity of self-employed workers in this geographic area.
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 Income Before Taxes: Self-Employment Income by Region series tracks the monthly self-employment income levels of individuals living in the Northeast Census Region, which includes the states of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. This data is a key indicator of entrepreneurial activity and small business health in the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Economists and policymakers use this trend to assess the economic conditions and financial stability of self-employed workers in the Northeast, which can inform decisions around tax, regulatory, and support policies.
Key Facts
- The Northeast Census Region is home to over 55 million people.
- Self-employment income accounts for approximately 10% of total personal income in the Northeast.
- Trends in this data have implications for small business growth and investment in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures self-employment income before taxes for individuals residing in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the financial well-being and economic activity of self-employed workers in the Northeast, which can inform decisions around tax, regulatory, and support policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the economic conditions and financial stability of self-employed workers in the Northeast, which can inform decisions around tax, regulatory, and support policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Income Before Taxes: Self-Employment Income by Region: Residence in the Northeast Census Region (CXUSFEMPINCLB1102M), retrieved from FRED.