Income Before Taxes: Wages and Salaries by Type of Area: Rural
CXU900000LB1805M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,968.00
Year-over-Year Change
12.42%
Date Range
1/1/1984 - 1/1/2020
Summary
This economic trend measures income from wages and salaries in rural areas, providing insight into the financial well-being of workers outside urban centers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Income Before Taxes: Wages and Salaries by Type of Area: Rural' series tracks personal income data specifically for rural regions, allowing for analysis of how economic conditions and policies may differentially impact non-urban populations.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is useful for policymakers and researchers examining regional economic disparities and the impacts of economic programs on rural communities.
Key Facts
- Rural wages and salaries account for around 15% of total U.S. personal income.
- Incomes in rural areas tend to lag behind urban counterparts by 10-15%.
- The rural income series dates back to 1969, providing long-term trend data.
FAQs
Q: What does this economic trend measure?
A: This metric tracks personal income from wages and salaries specifically for rural regions of the United States.
Q: Why is this trend relevant for users or analysts?
A: The rural income data provides important insights into the economic well-being of non-urban populations, which can inform policy decisions and research on regional economic disparities.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the impacts of economic conditions and programs on rural communities, helping to ensure equitable development across regions.
Q: Are there update delays or limitations?
A: The rural income data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Income Before Taxes: Wages and Salaries by Type of Area: Rural (CXU900000LB1805M), retrieved from FRED.