Net Earnings by Place of Residence in Arkansas
ARENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,399,279.00
Year-over-Year Change
18.86%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Arkansas' trend measures the total earnings of individuals living in Arkansas, regardless of where they work. This data is crucial for understanding the economic well-being and purchasing power of Arkansas residents.
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 net earnings of Arkansas residents, which includes wages, salaries, and other forms of income. It provides insights into the state's economic performance and can inform policy decisions related to taxation, workforce development, and cost of living.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is widely used by economists, policymakers, and businesses to assess the economic conditions and consumer spending potential in Arkansas.
Key Facts
- Arkansas's net earnings reached $129 billion in 2021.
- Per capita net earnings in Arkansas were $42,700 in 2021.
- The net earnings trend in Arkansas has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Arkansas' trend measures the total earnings of individuals living in Arkansas, regardless of where they work. This includes wages, salaries, and other forms of income.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being and purchasing power of Arkansas residents, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and businesses to assess the economic conditions and consumer spending potential in Arkansas, which can inform decisions related to taxation, workforce development, and cost of living.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Arkansas (ARENET), retrieved from FRED.