Federal government receipts: Timing differences: Federal and state unemployment insurance taxes (NIPA vs. Budget)
M318141A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.57
Year-over-Year Change
155.63%
Date Range
1/1/1952 - 1/1/2023
Summary
This economic trend measures the difference between federal government receipts from unemployment insurance taxes as reported in the National Income and Product Accounts (NIPA) and the federal budget. It provides insight into timing differences in the collection and reporting of these taxes.
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 government receipts: Timing differences: Federal and state unemployment insurance taxes (NIPA vs. Budget) metric tracks the gap between two government data sources on unemployment insurance tax collections. Understanding this divergence helps analysts reconcile fiscal policy and economic output measures.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from the federal budget and national accounts.
Historical Context
This trend is used by economists and policymakers to analyze the government's fiscal position and the relationship between tax collections and economic activity.
Key Facts
- The data is reported in millions of dollars.
- Positive values indicate NIPA receipts exceed budget receipts.
- Timing differences can occur due to when taxes are accrued versus paid.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between federal government receipts from unemployment insurance taxes as reported in the National Income and Product Accounts (NIPA) and the federal budget.
Q: Why is this trend relevant for users or analysts?
A: Understanding the timing differences between these two government data sources on unemployment insurance tax collections helps analysts reconcile fiscal policy and economic output measures.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using information from the federal budget and national accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the government's fiscal position and the relationship between tax collections and economic activity.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedules of the federal budget and national accounts, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Federal government receipts: Timing differences: Federal and state unemployment insurance taxes (NIPA vs. Budget) (M318141A027NBEA), retrieved from FRED.