FRED has just added 3,382 quarterly series from the Quarterly Census of Employment and Wages survey produced by the Bureau of Labor Statistics. (The data are also in GeoFRED.) This dataset represents average weekly wages for each metropolitan statistical area including a breakdown by private establishments and federal, state, and local government establishments. The Federal Reserve Bank of St. Louis produces the seasonally adjusted version of the series. More details on the seasonal adjustment process can be found in the series notes.
Insight on econ themes & data. Recently, sources of household income, friction in oil markets, and wages with benefits.
Read about the effects of foreclosures, China’s savvy government, a Taylor rule for public debt, and policy for oil exporters.
From Page One Economics: What’s the right amount of research before buying a used car? Learn more about asymmetric information, adverse selection, and moral hazard.
From Economic Synopses: Reasons why more of the labor force is employed but less capacity is being used—plus related FRED data.
FRED has just added 2,880 annual series from the Personal Consumption Expenditures by State release from the Bureau of Economic Analysis. This data set contains personal consumption expenditures for each state, including per capita measures and sector-based data.
From Economic Synopses: Decreased labor force + increased elderly population = slower economic growth?
Learn a little more about how to learn a little more about FRED.
Release tables…? API…? Tell me more!
Did you know that FRED has release tables? These detailed lists are great for learning how series are constructed. For example, Table 1.1.6 here shows the components of real GDP:
Links to release tables appear at the bottom of series pages. You can also see a list of them on the main release page. Not all series have release tables yet, but we’re working to make sure every series is connected to at least one release table. So, check back often.
Did you also know that FRED has added release tables to the API? What does that mean, you ask? Well, if you’re building an application and want to pull in the data or the structure of the release table programmatically, we’ve made it easy for you. Learn more here.
Charles S. Hamlin, the first Chair of the Federal Reserve Board (1914-16), kept handwritten diaries. FRASER has them.