Real Estate, Rental and Leasing Wages and Salaries in Idaho
IDWREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
671,475.00
Year-over-Year Change
15.72%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Real Estate, Rental and Leasing Wages and Salaries in Idaho' trend measures the total wages and salaries paid to workers in the real estate, rental, and leasing industry in the state of Idaho. This metric is an important indicator of economic activity and labor market conditions in the real estate sector.
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 tracks the total compensation, including wages and salaries, of employees in Idaho's real estate, rental, and leasing industry. It provides insight into the overall health and growth of this key economic sector, which is a major contributor to the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in Idaho.
Historical Context
Policymakers and analysts use this trend to assess the performance and outlook of Idaho's real estate market and the broader economy.
Key Facts
- Idaho's real estate wages totaled $2.3 billion in 2021.
- This industry employs over 27,000 workers in the state.
- Real estate wages have grown by 5% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to employees in Idaho's real estate, rental, and leasing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of a key sector of Idaho's economy, which is important for understanding overall economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in Idaho.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance and outlook of Idaho's real estate market and the broader state economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Wages and Salaries in Idaho (IDWREA), retrieved from FRED.