Primary Income Receipts: Compensation of employees
IEAXIC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,241.00
Year-over-Year Change
19.39%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Primary Income Receipts: Compensation of employees' series measures income received by U.S. residents for their labor contributions to the production of goods and services. This metric is a key indicator of economic activity and household income.
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 compensation, including wages and benefits, paid to U.S. employees for their work in the domestic economy. It is a broad measure of labor income and an important input for analyzing trends in consumer spending, inflation, and overall economic performance.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and other economic entities.
Historical Context
Policymakers and analysts monitor this metric to assess the health of the labor market and gauge the trajectory of the broader economy.
Key Facts
- Compensation of employees accounts for over 50% of U.S. Gross Domestic Product.
- The series has exhibited steady growth over the past decade, with some volatility during economic downturns.
- Trends in this metric are closely watched as an indicator of consumer purchasing power and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Primary Income Receipts: Compensation of employees' series measures the total income received by U.S. residents for their labor contributions to the domestic economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity, household income, and consumer spending power, making it an important input for policymakers and analysts assessing the overall health of the U.S. economy.
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 and other economic entities.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor trends in compensation of employees to gauge the trajectory of the labor market, consumer spending, and overall economic performance, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months. There may be revisions to historical data as more complete information becomes available.
Related Trends
Primary Income Receipts: Investment income: Reserve asset income
IEAXIR
Secondary income receipts: Adjustment for U.S. territories and Puerto Rico
LA0000341A027NBEA
Primary Income Receipts: Investment income: Other investment income
IEAXIO
Primary Income Receipts: Investment income: Direct investment income
IEAXID
Secondary income receipts: Statistical differences, ITA vs. NIPA
LA0000331A027NBEA
Primary Income Receipts: Investment income: Portfolio investment income
IEAXIP
Citation
U.S. Federal Reserve, Primary Income Receipts: Compensation of employees (IEAXIC), retrieved from FRED.