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πΒ All Federal Reserve data is now available on FRED: https://fred.stlouisfed.org/collection/federal-reserve-board-data
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Step 1 β Search by keyword: Use the FRED search bar to find series by topic (e.g., "union membership," "corporate profits," "median wage"). Each series has a unique ID (e.g., UNRATE for the unemployment rate).
Step 2 β Customize the graph: FRED's graph tool lets you add multiple series, adjust date ranges, convert to percent change or index, and apply a deflator to get real values. Use Edit Graph > Add Line to overlay multiple series.
Step 3 β Download the data: Click Download to export as Excel, CSV, or JSON. Data can also be embedded as an interactive chart.
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Frequently used series IDs:
UNRATE β Unemployment rate (BLS)MEHOINUSA672N β Real median household income (Census)A4102C1A027NBEA β Corporate profits after tax (BEA)LNS11300000 β Labor force participation rate (BLS)GINI β Gini coefficient for U.S. income inequalityDPCERAM1M225NBEA β Real personal consumption expenditures
</aside>FRED is especially powerful for longitudinal analysis β tracking how a variable has changed over business cycles, across administrations, or in response to policy shocks. Some common research tasks:
Documenting a trend: Pull a 40-year wage series and annotate with recession shading (built into FRED graph tool).
Comparing two variables: Overlay labor share of income with corporate profits to show distributional shifts.
Getting real values: Apply the PCE deflator in FRED to convert any nominal series to real values without leaving the platform.
State-level data: Many BLS and Census series are available at the state level on FRED β filter by geography when searching.
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