Quarterly data, seasonally adjusted annual rate
Personal spending on transportation measures consumption of transportation by households. It is also a component of gross domestic product. The historic series is a signal of long-term structural changes.
|Transportation Employment||2008 Q2||2008 Q3|
|Spending on Motor Vehicles (billions of chained 2000 dollars)||407.2||376.9|
|Percent change from previous quarter||-5.35||-7.44|
|Spending on Transportation Services (billions of chained 2000 dollars)||298.9||297.2|
|Percent change from previous quarter||-0.76||-0.57|
|Spending on Gasoline and Oil (billions of chained 2000 dollars)||179.1||173.3|
|Percent change from previous quarter||-1.27||-3.24|
SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Product Accounts, available at http://www.bls.gov/ as of January 2009.