ABA: Bank Economists Foresee Economic Soft Landing, But Downside Risks Challenge Outlook
The U.S. economy will continue to expand through 2024, but at a slower pace than its long-term potential, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. The economists also expect inflation to gradually slow toward the Federal Reserve’s objective of 2% over the next two years. The committee, made up…
FDIC: Summary of Deposits Survey and Filing for June 30, 2022 Begins
The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. All institutions with branch offices are required to submit the survey; institutions with only a main office are exempt. All survey responses are required by July 31,…
Census Bureau: New Statistics Available from the 2016-2020 American Community Survey
Today the U.S. Census Bureau released new statistics from the 2016–2020 American Community Survey (ACS) 5-year estimates. Following pandemic-related data collection disruptions, the Census Bureau revised its methodology to reduce nonresponse bias in data collected in 2020. After evaluating the effectiveness of this methodology, the Census Bureau determined the standard, full suite of 2016–2020 ACS 5-year data are fit for public release, government…
Census Bureau: New Educational Attainment Data Released
Today, the U.S. Census Bureau released findings from the Educational Attainment in the United States: 2021 table package that use statistics from the Current Population Survey’s Annual Social and Economic Supplement to examine the educational attainment of adults age 25 and older by demographic and social characteristics, such as age, sex, race and nativity. Data Highlights Age In 2021,…
Census Bureau: 2020 County Business Patterns ‘First Look’ Data Now Available
The U.S. Census Bureau today released the 2020 County Business Patterns (CBP) First Look data table. This preliminary tabulation includes the number of establishments; employment for the week of March 12, 2020; first quarter payroll; and annual payroll at the NAICS sector level (i.e., 2-digit NAICS) for the nation. The final CBP tables for the 2020 reference…
Census Bureau: 2016-2020 American Community Survey 5-Year Estimates Update
On March 17, the U.S. Census Bureau will release the standard, full suite of 2016–2020 American Community Survey (ACS) 5-year data products—down to the block group level. Following pandemic-related data collection disruptions, the Census Bureau revised its methodology to reduce nonresponse bias in data collected in 2020. After evaluating the effectiveness of this methodology, the Census Bureau determined the resulting data are fit for public release, government and…
Federal Reserve: Household Survey Shows Sustained Rise in Reported and Expected Spending Growth
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the December 2021 Survey of Consumer Expectations (SCE) Household Spending Survey, which provides information on individuals’ experiences and expectations regarding household spending. The survey shows a continued rise in monthly household spending growth, with spending growth moving well above pre-pandemic levels. However, the…
Census Bureau: New Vintage 2021 Population Estimates Available for the Nation, States and Puerto Rico
According to the U.S. Census Bureau’s Vintage 2021 national and state population estimates and components of change released today, the population of the United States grew in the past year by 392,665, or 0.1%, the lowest rate since the nation’s founding. The slow rate of growth can be attributed to decreased net international migration, decreased fertility, and…
Census Bureau: 2020 American Community Survey 5-Year Data Pushed to March 2022
In November, the U.S. Census Bureau announced it would delay the release of the 2016-2020 American Community Survey (ACS) 5-year data, originally scheduled for December 2021, due to the impacts of COVID-19 on data collection. We continue to make progress towards a mid- to late-March 2022 data product release. Since November, we have refined our methodology to reduce the impact of the nonresponse bias due to the COVID-19 pandemic. The methodology improves the 2020 data input by comparing characteristics for responding and nonresponding households…