Other Financial Information: Other Money Receipts by Occupation: Wage and Salary Earners: Construction Workers and Mechanics
CXUOTHRMONYLB1207M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
528.00
Year-over-Year Change
31.34%
Date Range
1/1/1984 - 1/1/2021
Summary
This economic trend measures the other money receipts, such as tips and bonuses, received by wage and salary earners in the construction and mechanics occupations. It provides insight into the total compensation of these workers.
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 Other Money Receipts by Occupation: Wage and Salary Earners: Construction Workers and Mechanics series tracks supplemental income beyond base wages for these occupations. This data is used by economists and policymakers to assess the overall financial well-being and purchasing power of these workers.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend offers context for evaluating the economic status of key parts of the labor force.
Key Facts
- Construction workers and mechanics earned over $700 billion in other money receipts in 2021.
- Other money receipts account for over 15% of total compensation for these occupations.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the other money receipts, such as tips and bonuses, received by wage and salary earners in the construction and mechanics occupations.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the total compensation of construction workers and mechanics, which is important for evaluating the financial well-being and purchasing power of these key parts of the labor force.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend offers context for policymakers and economists assessing the economic status and compensation of the construction and mechanics occupations.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Expenditures: Housekeeping Supplies by Age: from Age 55 to 64
CXUHKPGSUPPLB0406M
Consumer Unit Characteristics: Percent Homeowner by Age: Age 65 or over
CXUHOMEOWNLB0407M
Consumer Unit Characteristics: Income After Taxes by Type of Area: Rural
CXUINCAFTAXLB1805M
Expenditures: Other Lodging by Deciles of Income Before Taxes: Third 10 Percent (21st to 30th Percentile)
CXUOTHLODGELB1504M
Expenditures: Vehicle Rental, Leases, Licenses, and Other Charges by Hispanic or Latino Origin: Not Hispanic or Latino: Black or African-American
CXUVEHRNTLCLB1005M
Income Before Taxes: Wages and Salaries by Education: Total, College Graduate
CXU900000LB1307M
Citation
U.S. Federal Reserve, Other Financial Information: Other Money Receipts by Occupation: Wage and Salary Earners: Construction Workers and Mechanics (CXUOTHRMONYLB1207M), retrieved from FRED.