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Source: U.S. Bureau of Economic Analysis
Release: Personal Income and Outlays
Units: Billions of Dollars, Seasonally Adjusted Annual Rate
Frequency: Monthly
BEA Account Code: W823RC
Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund.
A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)
U.S. Bureau of Economic Analysis, Personal current transfer receipts: Government social benefits to persons: Social security [W823RC1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/W823RC1, May 12, 2024.
Source: U.S. Bureau of Economic Analysis
Release: Personal Income and Outlays
Units: Billions of Dollars, Seasonally Adjusted Annual Rate
Frequency: Monthly
BEA Account Code: W824RC
Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund.
A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)
U.S. Bureau of Economic Analysis, Personal current transfer receipts: Government social benefits to persons: Medicare [W824RC1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/W824RC1, May 12, 2024.
Source: U.S. Bureau of Labor Statistics
Release: Employment Situation
Units: Thousands of Persons, Seasonally Adjusted
Frequency: Monthly
All Employees: Total Nonfarm, commonly known as Total Nonfarm Payroll, is a measure of the number of U.S. workers in the economy that excludes proprietors, private household employees, unpaid volunteers, farm employees, and the unincorporated self-employed. This measure accounts for approximately 80 percent of the workers who contribute to Gross Domestic Product (GDP).
This measure provides useful insights into the current economic situation because it can represent the number of jobs added or lost in an economy. Increases in employment might indicate that businesses are hiring which might also suggest that businesses are growing. Additionally, those who are newly employed have increased their personal incomes, which means (all else constant) their disposable incomes have also increased, thus fostering further economic expansion.
Generally, the U.S. labor force and levels of employment and unemployment are subject to fluctuations due to seasonal changes in weather, major holidays, and the opening and closing of schools. The Bureau of Labor Statistics (BLS) adjusts the data to offset the seasonal effects to show non-seasonal changes: for example, women's participation in the labor force; or a general decline in the number of employees, a possible indication of a downturn in the economy. To closely examine seasonal and non-seasonal changes, the BLS releases two monthly statistical measures: the seasonally adjusted All Employees: Total Nonfarm (PAYEMS) and All Employees: Total Nonfarm (PAYNSA), which is not seasonally adjusted.
The series comes from the 'Current Employment Statistics (Establishment Survey).'
The source code is: CES0000000001
U.S. Bureau of Labor Statistics, All Employees, Total Nonfarm [PAYEMS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PAYEMS, May 12, 2024.
Personal current transfer receipts: Government social benefits to persons: Social security
Annual, Not Seasonally Adjusted Quarterly, Seasonally Adjusted Annual RatePersonal current transfer receipts: Government social benefits to persons: Medicare
Annual, Not Seasonally Adjusted Quarterly, Seasonally Adjusted Annual RateAll Employees, Total Nonfarm
Monthly, Not Seasonally Adjusted