Earnings by Place of Work in Montana
MTEPLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,292,169.00
Year-over-Year Change
17.30%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Earnings by Place of Work in Montana' data series measures the total earnings of workers in Montana, regardless of their state of residence. This metric is important for understanding regional economic conditions and labor market trends.
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 salaries, paid to employees by private and government employers located in Montana. It is a key indicator of economic activity and purchasing power in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using surveys and administrative records.
Historical Context
Policymakers and analysts use this data to inform decisions on economic development, tax policy, and workforce planning.
Key Facts
- Montana's total earnings reached $55.2 billion in 2021.
- Earnings grew by 7.5% in Montana between 2020 and 2021.
- The largest industries by earnings in Montana are health care, retail, and construction.
FAQs
Q: What does this economic trend measure?
A: The 'Earnings by Place of Work in Montana' series measures the total compensation, including wages and salaries, paid to employees by private and government employers located in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional economic conditions and labor market trends in Montana, which can inform decisions on economic development, tax policy, and workforce planning.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to inform decisions on economic development, tax policy, and workforce planning in Montana.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Bureau of Economic Analysis, Earnings by Place of Work in Montana (MTEPLA), retrieved from FRED.