Federal Reserve Economic Data

The FRED® Blog

Federal, state, and local expenditures

The graph above uses U.S. national income and product account data to show three shares of government expenditures—state and local, federal defense, and federal nondefense—among total government expenditures. Note that this covers only government consumption and investment, not redistribution. These NIPA data start only in 1999, but we can still see some changes, in particular that the share of state and local government expenditures has become smaller.

The graph below shows exactly the same data but in a different way. It displays the absolute numbers instead of shares. State and local government expenditures have increased slightly, while federal expenditures have increased much more.

How these graphs were created: Search for “Real Government Consumption Expenditures & Gross Investment,” select the relevant series, and add them to the graph. In the graph settings, set type to “Area” and stacking to “Percent.” For the second graph, set type to “Bar” and stacking to “None.”

Suggested by Christian Zimmermann

View on FRED, series used in this post: A824RX1Q020SBEA, A825RX1Q020SBEA, SLCEC96

Transportation indexes

FRED recently added a set of transportation services indexes from the U.S. Department of Transportation. The freight index covers all domestic transport of commercial freight, including pipeline movements for oil and gas. It does not cover in-house trucking, courier, or postal services. The passenger index covers local public transportation (except taxi) and intercity rail and air transportation. (The FRED Blog previously discussed miles traveled, which covered personal transportation by automobile.) The graph shows freight transportation declining more than passenger transportation during the past recession; in the previous recession, passenger transportation suffered more.

How this graph was created: Look up the Transportation Services Index (TSI) and select the three indexes.

Suggested by Christian Zimmermann

View on FRED, series used in this post: TSIFRGHT, TSIPSNGR, TSITTL

Renting and owning homes

It should not surprise anyone that the homeownership rate has declined nationwide in the most recent years after a large number of foreclosures. Many former homeowners must have moved into rental units, pushing down the rental vacancy rate, as seen in the graph. What is surprising is that the homeowner vacancy rate is actually declining as well. How could this happen? Was the housing stock significantly reduced? Did homeowners become renters of the same home? Has there been significantly more household creation? Anything else?

How this graph was created: Search for one of these series, then add the other. For the homeownership rate, check “right” for the Y-axis position.

Suggested by Christian Zimmermann

View on FRED, series used in this post: RHVRUSQ156N, RRVRUSQ156N, USHOWN


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