Other Labor Income in Alabama
ALOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,032.60
Year-over-Year Change
19.31%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Other Labor Income in Alabama' trend measures earnings from sources other than wages and salaries, such as bonuses, tips, and employer-provided benefits. This data is important for economists and policymakers to understand the full picture of labor compensation in the state.
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 total other labor income, which includes payments like employer contributions to pensions and health insurance, as well as bonuses, tips, and commissions. It provides insight into the non-wage components of employee compensation in Alabama.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and households.
Historical Context
Policymakers and analysts use this metric to evaluate the overall health of the Alabama labor market and employment conditions.
Key Facts
- Other labor income accounts for over 20% of total employee compensation in Alabama.
- The series has grown by 30% over the past decade.
- Benefits like health insurance and retirement plans make up the largest share of other labor income.
FAQs
Q: What does this economic trend measure?
A: The 'Other Labor Income in Alabama' trend measures earnings from sources other than direct wages and salaries, such as bonuses, tips, and employer-provided benefits.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the full picture of labor compensation in Alabama, beyond just wages, which is important for understanding employment and economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the overall health of the Alabama labor market and employment conditions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Other Labor Income in Alabama (ALOOTH), retrieved from FRED.