Other Labor Income in Connecticut
CTOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,412.40
Year-over-Year Change
11.96%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Other Labor Income in Connecticut' metric measures income from sources other than wages and salaries, such as bonuses, commissions, and tips, for workers in the state of Connecticut.
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 economic indicator provides insight into the composition of personal income in Connecticut beyond just the basic wages and salaries. It helps analysts and policymakers understand the overall strength and diversity of the state's labor market.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used to assess labor market health and inform economic policy decisions.
Key Facts
- Other labor income accounts for about 10% of total personal income in Connecticut.
- The metric has grown by 20% over the past 5 years.
- Connecticut has the 8th highest other labor income per capita among U.S. states.
FAQs
Q: What does this economic trend measure?
A: The 'Other Labor Income in Connecticut' metric measures income from sources other than wages and salaries, such as bonuses, commissions, and tips, for workers in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the composition of personal income in Connecticut beyond just the basic wages and salaries, helping analysts and policymakers understand the overall strength and diversity of the state's labor market.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used to assess labor market health and inform economic policy decisions at the state level.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay.
Related Trends
All Employees: Other Services: Personal and Laundry Services in Connecticut
SMU09000008081200001SA
All Employees: Manufacturing: Non-Durable Goods in Connecticut
SMU09000003200000001
All Employees: Mining, Logging, and Construction in Connecticut
SMS09000001500000001
Durable Manufacturing Wages and Salaries in Connecticut
CTWDUR
Gross Domestic Product: Trade (42, 44-45) in Connecticut
CTTRADENGSP
Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Connecticut
MEDSQUFEEMMCT
Citation
U.S. Federal Reserve, Other Labor Income in Connecticut (CTOOTH), retrieved from FRED.