Expenditures: Other Vehicle Expenses by Occupation: Wage and Salary Earners: Construction Workers and Mechanics
CXUVEHOTHXPLB1207M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,520.00
Year-over-Year Change
82.92%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the average monthly expenditures on other vehicle expenses by construction workers and mechanics who are wage and salary earners. It provides insights into the transportation-related costs faced by these occupations.
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: Other Vehicle Expenses by Occupation' series tracks the spending on items like vehicle maintenance, repairs, insurance, and registration fees for different types of workers. This data is useful for analyzing the financial burdens and cost-of-living dynamics within specific occupational groups.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts studying transportation costs, household budgets, and the economic conditions of different occupations.
Key Facts
- Construction workers and mechanics spend an average of $X per month on other vehicle expenses.
- Vehicle-related costs account for Y% of total monthly expenditures for these occupations.
- Other vehicle expenses have increased by Z% over the past 5 years for this group.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on vehicle-related costs, such as maintenance, repairs, insurance, and registration fees, for construction workers and mechanics who are wage and salary earners.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the transportation-related financial burdens faced by specific occupational groups, which is useful for analyzing cost-of-living dynamics, household budgets, and the economic conditions of different industries.
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 trend is relevant for policymakers, economists, and industry analysts studying transportation costs, household budgets, and the economic conditions of different occupations.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the underlying Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Other Vehicle Expenses by Occupation: Wage and Salary Earners: Construction Workers and Mechanics (CXUVEHOTHXPLB1207M), retrieved from FRED.