Other Labor Income in Pennsylvania
PAOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102,477.90
Year-over-Year Change
19.10%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Other Labor Income in Pennsylvania' trend measures income from sources other than wages and salaries in the state of Pennsylvania. This data point is important for economists and policymakers analyzing the overall health and composition of the Pennsylvania 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
This series represents income from sources such as tips, bonuses, and employer contributions to pensions and insurance. It provides insight into the non-wage components of worker compensation, which is useful for understanding household finances and consumer spending patterns.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the strength and diversity of Pennsylvania's labor income sources.
Key Facts
- Pennsylvania's other labor income totaled $57.2 billion in 2021.
- This represents 12.4% of total labor income in the state.
- Other labor income has grown faster than wages and salaries in Pennsylvania over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Other Labor Income in Pennsylvania' metric measures income sources beyond wages and salaries, such as tips, bonuses, and employer contributions to pensions and insurance.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insight into the overall composition of labor income in Pennsylvania, which is relevant for understanding household finances, consumer spending patterns, and the 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: Policymakers and analysts use this metric to assess the strength and diversity of Pennsylvania's labor income sources, which informs decisions around economic development, taxation, and social programs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Other Labor Income in Pennsylvania (PAOOTH), retrieved from FRED.