The Equitable Growth Indicators (EGIs) measure disparities in macroeconomic outcomes experienced by different demographic, economic, and geographic groups.
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Equitable Growth Indicators (EGIs)
The EGIs provide insight into disparities across four economic outcomes—inflation, real and nominal earnings, employment, and real and nominal consumer spending. The demographic and economic groups include race/ethnicity, age, veteran status, education and income. The geographic groups include urban/rural status, U.S. census regions, majority minority areas and low-income areas.
May 2023 Update
Low-income households currently face markedly higher inflation than middle- and high-income households-experiencing 0.37 and 0.41 percentage point higher inflation than the middle- and high-income households, respectively.
Real earnings of Black and Hispanic workers experienced a decline in 2023 while those of Asian and white workers increased.
The unemployment rate gap for Hispanic workers rose sharply since January 2023. In contrast, the unemployment rate gap for Black workers declined during this period. This pattern is largely owing to a relative increase in labor force participation among Hispanic women.
The decline in real spending between February and March was the sharpest for those age 25 to 34, before it bottomed out in April 2023. Real spending of this group declined by around 10 percentage points in each of the retail, gas, and restaurant categories in this period.
DOWNLOAD CONSUMER SPENDING REPORT
About the Data
The EGIs are calculated using the Consumer Expenditure Survey microdata from the Bureau of Labor Statistics (BLS); National and Regional Consumer Price Indexes from the BLS; Current Population Survey microdata from the BLS; American Community Survey microdata from the U.S. Census Bureau; and consumer spending data from Commerce Signals, a TransUnion company.
How to cite this data:
Federal Reserve Bank of New York, Equitable Growth Indicators, https:// www.newyorkfed.org/research/equitable-growth-indicators.
Related Reading
Economic Inequality: A Research Series
Why Are Some Places So Much More Unequal Than Others?
Understanding the Linkages between Climate Change and Inequality in the United States
Disclaimer
The Equitable Growth Indicators are not official estimates of the Federal Reserve Bank of New York, its President, the Federal Reserve System, or the Federal Open Market Committee.
2023 Release Dates
Released at or shortly after 10 a.m. on the third business day following the last Friday of each month.
May 25
Jul 6
Aug 30
Oct 4
Nov 1
Nov 29
Jan 4
How to cite this data:
Federal Reserve Bank of New York, Equitable Growth Indicators, https:// www.newyorkfed.org/research/equitable-growth-indicators.
Related Reading
Economic Inequality: A Research Series
Why Are Some Places So Much More Unequal Than Others?
Understanding the Linkages between Climate Change and Inequality in the United States
Disclaimer
The Equitable Growth Indicators are not official estimates of the Federal Reserve Bank of New York, its President, the Federal Reserve System, or the Federal Open Market Committee.
About the EGIs
Economic analysis often focuses on understanding the average effects of a policy or program. However, it is vital to understand how macroeconomic trends vary across geographic, demographic, and socioeconomic boundaries. Analysis of the New York Fed EGIs helps bring a deeper understanding of equitable growth considerations to policymaking, research,
and practice.
We update the EGIs at or shortly after 10 a.m. on the third business day following the last Friday of each month.
The EGIs are not official estimates of the Federal Reserve Bank of New York, its President, the Federal Reserve System, or the Federal Open Market Committee.
and practice.
We update the EGIs at or shortly after 10 a.m. on the third business day following the last Friday of each month.
The EGIs are not official estimates of the Federal Reserve Bank of New York, its President, the Federal Reserve System, or the Federal Open Market Committee.
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