Total Wages and Salaries in Nebraska
NEWTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,322,700.00
Year-over-Year Change
15.92%
Date Range
1/1/1998 - 1/1/2025
Summary
The Total Wages and Salaries in Nebraska measure the total compensation paid to employees in the state, an important indicator of economic activity and worker incomes.
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 dollar value of wages, salaries, commissions, tips, and bonuses paid to workers in Nebraska. It provides insights into the overall health of the state's labor market and consumer demand.
Methodology
The data is collected from employer payroll records and survey responses.
Historical Context
Policymakers and analysts use this metric to assess the strength of the Nebraska economy and make informed decisions.
Key Facts
- Nebraska's total wages and salaries reached a record high of $XX.XX billion in [latest year].
- Wages and salaries account for over XX% of personal income in Nebraska.
- The service sector is the largest contributor to total wages in the state.
FAQs
Q: What does this economic trend measure?
A: The Total Wages and Salaries in Nebraska series measures the total dollar value of wages, salaries, commissions, tips, and bonuses paid to workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall strength of Nebraska's labor market and consumer demand, which are crucial factors for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected from employer payroll records and survey responses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Nebraska economy and make informed decisions about fiscal, monetary, and labor market policies.
Q: Are there update delays or limitations?
A: The Total Wages and Salaries in Nebraska data is published quarterly with a [X]-month lag, which may limit its usefulness for real-time analysis.
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Citation
U.S. Federal Reserve, Total Wages and Salaries in Nebraska (NEWTOT), retrieved from FRED.