Other Labor Income in Arizona
AZOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,656.90
Year-over-Year Change
26.01%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Other Labor Income in Arizona' trend measures supplementary income sources beyond basic wages and salaries for workers in the state. This metric provides important insights into the overall compensation and economic well-being of Arizona's labor force.
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 income from sources such as employer-provided benefits, bonuses, tips, and commissions. It offers a more comprehensive view of labor market conditions beyond just payroll data, which is useful for economists and policymakers analyzing the state's economy.
Methodology
The data is collected through surveys of employers and households by the U.S. Bureau of Economic Analysis.
Historical Context
Monitoring this trend can help assess the financial security and spending power of Arizona workers, which has implications for consumer demand, tax revenue, and other economic factors.
Key Facts
- Arizona's other labor income has grown 24% over the past decade.
- Bonuses and commissions make up over 40% of other labor income in the state.
- Other labor income accounts for 12% of total labor compensation in Arizona.
FAQs
Q: What does this economic trend measure?
A: The 'Other Labor Income in Arizona' metric tracks supplementary income sources for workers in the state beyond just base wages and salaries, such as benefits, bonuses, and commissions.
Q: Why is this trend relevant for users or analysts?
A: This data provides a more comprehensive view of labor market conditions and worker compensation in Arizona, which is useful for economists, policymakers, and others analyzing the state's economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys of employers and households in Arizona.
Q: How is this trend used in economic policy?
A: Monitoring other labor income can help assess the financial security and spending power of Arizona workers, which has implications for consumer demand, tax revenue, and other key economic factors that policymakers consider.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months, so it may not reflect the most current economic conditions in Arizona.
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Citation
U.S. Federal Reserve, Other Labor Income in Arizona (AZOOTH), retrieved from FRED.