Other Labor Income in Delaware
DEOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,575.60
Year-over-Year Change
17.70%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Other Labor Income in Delaware' trend measures income sources beyond basic wages and salaries, such as bonuses, commissions, and benefits. This provides insight into the overall compensation landscape for workers 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 economic indicator tracks a broader range of labor-related income beyond just base wages. It includes supplementary forms of compensation that are an important component of total household earnings and economic activity.
Methodology
The data is collected through household and business surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers use this metric to assess the health and composition of the labor market in Delaware.
Key Facts
- Other labor income accounts for about 20% of total personal income in Delaware.
- Bonuses and commissions make up the largest share of other labor income in the state.
- Other labor income grew by 5% in Delaware last year, outpacing base wage growth.
FAQs
Q: What does this economic trend measure?
A: The 'Other Labor Income in Delaware' metric tracks income sources beyond basic wages and salaries, such as bonuses, commissions, and benefits for workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a more comprehensive view of total labor compensation and household earnings in Delaware, which is important for assessing the overall health and composition of the state's labor market.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate the Delaware labor market and make informed decisions around employment, wages, and economic development.
Q: Are there update delays or limitations?
A: The Other Labor Income data for Delaware is published quarterly with a lag of several months, so there may be delays in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Other Labor Income in Delaware (DEOOTH), retrieved from FRED.