FRED offers a variety of keen ways to display data
March 14, aka 3/14, is Pi Day because the Greek letter pi represents 3.14 etc.
This post offers pie charts because the FRED Blog is not above using puns.
Now, these delectable pie charts cover a variety of topics from recent blog posts. Observe the appealing ways FRED can help you display data, and then click the headings to review the posts themselves.
Percentage of homeownership rate by racial and ethnic group in the U.S.
The price of a BLT sandwich
CO2 emissions from fuel by sector
How these graphs were created: It’s a simple recipe: To convert any FRED graph to a pie chart, go to the “Edit Graph” panel, open the “Format” tab, and select graph type “Pie.”
Suggested by Diego Mendez-Carbajo.
View on FRED, series used in this post:
New homeownership rates by race and region
FRED recently added U.S. Census Bureau data on homeownership rates by race. The rates for each group, shown in the top graph, basically reflect the groups’ positions in the wealth distribution.
Changes in the homeownership rate are driven by small seasonal factors and longer trends. There was a decrease for all groups after 2006, which could reasonably be attributed to the Financial Crisis. Rates rebounded soon after for all groups except African Americans, whose rate has trended down pretty steadily since then.
This last fact could be due to regional differences: That is, homeownership rates could be decreasing in certain geographical areas where more African Americans live. The graph below shows very large sections of the country (Census regions), but doesn’t indicate any steady declines in any areas, including the South. So something else is at work that simply isn’t visible here.
How these graphs were created: On the Housing and Homeownership release table, select the series you want displayed and click “Add to Graph.”
Suggested by Christian Zimmermann.