Federal grants-in-aid to state and local governments: Income security: Unemployment
G170741A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
6.31%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures federal grants-in-aid to state and local governments for income security programs related to unemployment. It is a key indicator of government support for social safety net programs during economic downturns.
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 Federal grants-in-aid data represents direct financial assistance provided by the U.S. federal government to state and local jurisdictions for specific purposes. The unemployment-related income security grants are an important component, signaling policy priorities and funding levels for unemployment assistance programs.
Methodology
The data is collected and published by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend provides important context for interpreting the strength of government fiscal policy responses during recessions and periods of high unemployment.
Key Facts
- Grants peaked at over $100 billion during the 2008-2009 recession.
- Grant funding helps states provide unemployment insurance and other social services.
- Levels reflect policy priorities and fiscal capacity of state/local governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of federal grants-in-aid to state and local governments for income security programs related to unemployment. It signals the level of government support for unemployment assistance.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the government's fiscal policy response during recessions and times of high unemployment. It provides insight into funding levels for social safety net programs.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to gauge the government's commitment to supporting the unemployed and strengthening the social safety net during economic downturns.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent policy changes or economic conditions.
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Citation
U.S. Federal Reserve, Federal grants-in-aid to state and local governments: Income security: Unemployment (G170741A027NBEA), retrieved from FRED.