FDLP is planning a webinar titled Buying Stuff: Comparing Personal Consumption Expenditures Data from the BLA and BEA at 2:00 p.m. on February 26. The webinar will focus on personal consumption data: the goods and services that Americans buy; about 2/3rds of spending in our nation is for goods and services. The goods we buy are our material possessions: either durable goods that have a shelf-life of 3 years or longer, or nondurable goods that last less than 3 years. The services we buy are such transactions as paying a company to compute your taxes or hiring someone to mow your lawn.
Two federal agencies compute this data, the Department of Commerce's Bureau of Economic Analysis, and the Department of Labor's Bureau of Labor Statistics. Because of different survey methodologies their data for the same goods and services can be wildly different. The webinar will look at how to work with their websites to get this data. You can register here.
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