Other Labor Income in Idaho
IDOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,269.10
Year-over-Year Change
22.18%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Other Labor Income in Idaho' metric measures income from sources other than wages and salaries, such as employer-provided benefits and bonuses. This data provides insights into the overall economic health and compensation trends in Idaho.
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
This series represents the total income earned by Idaho residents that is not classified as wages or salaries. It includes employer-provided benefits, commissions, tips, and bonuses. Analyzing this data helps economists and policymakers understand the full scope of labor market activity and compensation in the state.
Methodology
The data is collected through household and business surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Tracking other labor income is useful for assessing the strength of the job market, consumer purchasing power, and the overall business climate in Idaho.
Key Facts
- Other labor income in Idaho totaled $15.2 billion in 2021.
- This metric has grown by 4.8% annually on average over the past decade.
- Other labor income accounts for 15% of total personal income in Idaho.
FAQs
Q: What does this economic trend measure?
A: The 'Other Labor Income in Idaho' metric measures income earned by residents of Idaho that is not classified as wages or salaries, such as employer-provided benefits, commissions, and bonuses.
Q: Why is this trend relevant for users or analysts?
A: Tracking other labor income is useful for understanding the full scope of compensation and income sources in Idaho, which provides insights into the overall strength of the state's job market and economy.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health of the job market, consumer purchasing power, and the overall business climate in Idaho, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, so there may be a delay in reflecting the most recent economic conditions in Idaho.
Related Trends
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Citation
U.S. Federal Reserve, Other Labor Income in Idaho (IDOOTH), retrieved from FRED.