Net Earnings by Place of Residence in Utah
UTENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152,982,447.00
Year-over-Year Change
19.20%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Utah' series measures the total income earned by Utah residents, after adjusting for taxes and other deductions. This key economic indicator helps policymakers understand the financial well-being and spending power of Utah households.
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 net earnings for all Utah residents, including income from wages, salaries, and self-employment. It is a valuable metric for assessing the state's economic performance and consumer demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and tax records.
Historical Context
Policymakers and analysts use this metric to inform decisions on fiscal, monetary, and social policies that impact Utah's economy.
Key Facts
- Utah's net earnings reached a record high of $193 billion in 2021.
- Net earnings per capita in Utah averaged $53,000 in 2020.
- The services sector accounts for the largest share of Utah's net earnings.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Utah' series measures the total income earned by Utah residents, after accounting for taxes and other deductions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the financial well-being and spending power of Utah households, which is crucial for policymakers and economists analyzing the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and tax records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions on fiscal, monetary, and social policies that impact Utah's economy, such as tax planning, infrastructure investment, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
Related Trends
Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Utah
U1UNEM1UT
All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Utah
SMU49000004300000001
90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Utah
PECIUB0T4UT49000A647NCEN
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Utah
UTARTENTRECQGSP
Total Carbon Dioxide Emissions From All Sectors, Natural Gas for Utah
EMISSCO2TOTVTTNGUTA
Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Utah
UTPCEPCFDSRVACCMD
Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Utah (UTENET), retrieved from FRED.