Other Labor Income in Massachusetts
MAOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69,731.00
Year-over-Year Change
14.27%
Date Range
1/1/1948 - 1/1/2025
Summary
Other Labor Income in Massachusetts measures the total income earned from sources other than wages and salaries, such as bonuses, tips, and commissions. This metric provides insight into the overall health and dynamics of the state's labor market.
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
Other Labor Income in Massachusetts represents income earned from sources beyond basic salaries, offering a more comprehensive view of worker compensation trends. Economists and policymakers analyze this data to understand the composition and flexibility of the state's labor market.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used to inform state-level economic and workforce policies.
Key Facts
- Other labor income accounts for around 10% of total labor income in Massachusetts.
- This metric has grown by over 20% in the past decade, outpacing wage growth.
- Service industries like finance and tech make up the largest share of other labor income.
FAQs
Q: What does this economic trend measure?
A: Other Labor Income in Massachusetts measures income earned from sources beyond basic wages and salaries, such as bonuses, tips, and commissions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more comprehensive view of worker compensation, offering insights into the flexibility and health of the state's labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is used to inform state-level economic and workforce policies, as it reflects the overall dynamics of the labor market.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Other Labor Income in Massachusetts (MAOOTH), retrieved from FRED.