Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Idaho
Annual
SMU16000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.20
Year-over-Year Change
-2.64%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of monthly personal income per capita for the United States. This metric is a key indicator of the overall economic wellbeing of the population.
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
The Annual personal income per capita trend represents the total personal income of the population divided by the total population. It is a widely used statistic to track changes in the economic welfare and purchasing power of the average American.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and administrative records.
Historical Context
This metric is closely watched by policymakers, economists, and investors to gauge the health and trajectory of the U.S. economy.
Key Facts
- Personal income per capita was $54,985 in 2021.
- The metric has grown at an average annual rate of 4.5% over the past decade.
- Personal income per capita is a core component of the U.S. national accounts.
FAQs
Q: What does this economic trend measure?
A: The Annual personal income per capita trend measures the average annual income of the U.S. population, providing insight into the overall economic wellbeing and purchasing power of Americans.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and trajectory of the U.S. economy, and is closely watched by policymakers, economists, and investors to gauge economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and administrative records, and represents the total personal income of the population divided by the total population.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the overall economic welfare and purchasing power of the population, which informs decisions on fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: The Annual personal income per capita data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
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IDBRDTELERGSP
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SMU16000009092000001A
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IDPIRGSP
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Citation
U.S. Federal Reserve, Annual (SMU16000004000000002A), retrieved from FRED.