Income Before Taxes: Unemployment and Workers' Compensation, Veterans' Benefits, and Regular Contributions by Occupation: Total Wage and Salary Earners
CXUOTHREGINLB1203M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
368.00
Year-over-Year Change
-21.70%
Date Range
1/1/2013 - 1/1/2023
Summary
This economic trend measures total income before taxes for wage and salary earners, including unemployment and workers' compensation, veterans' benefits, and regular contributions. It provides insights into household income sources and economic conditions.
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: Unemployment and Workers' Compensation, Veterans' Benefits, and Regular Contributions by Occupation: Total Wage and Salary Earners trend represents the total income received by U.S. wage and salary workers from these sources, which are important components of overall household earnings.
Methodology
The data is collected through household surveys by the U.S. Census Bureau.
Historical Context
This trend is widely used by economists and policymakers to analyze household finances and labor market dynamics.
Key Facts
- This trend covers income sources beyond just wages and salaries.
- It includes government benefits like veterans' payments.
- The data is collected through household surveys by the Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total income received by U.S. wage and salary workers before taxes, including unemployment and workers' compensation, veterans' benefits, and regular contributions.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into household income sources and economic conditions beyond just wages and salaries, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to analyze household finances and labor market dynamics, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of household survey data collected by the Census Bureau.
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Citation
U.S. Federal Reserve, Income Before Taxes: Unemployment and Workers' Compensation, Veterans' Benefits, and Regular Contributions by Occupation: Total Wage and Salary Earners (CXUOTHREGINLB1203M), retrieved from FRED.