Households and Nonprofit Organizations; Supplements to Wages and Salaries, Transactions
HNOEOSQ027S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,709,072.00
Year-over-Year Change
18.74%
Date Range
10/1/1946 - 1/1/2025
Summary
This economic trend measures the value of supplements to wages and salaries paid by households and nonprofit organizations in the United States. It provides insights into broader labor compensation and economic activity.
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
The Households and Nonprofit Organizations; Supplements to Wages and Salaries, Transactions series represents the dollar value of non-wage benefits and other supplemental payments made to workers by households and non-profit entities. This metric is used by economists to analyze trends in total labor income and household economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Policymakers and analysts monitor this trend to gauge the health of the labor market and broader economic performance.
Key Facts
- Includes employer-paid benefits like healthcare, retirement, and payroll taxes.
- Reached a record high of $3.2 trillion in Q4 2021.
- Grew at an average annual rate of 5.4% from 2010 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of non-wage compensation and supplemental payments made by households and nonprofit organizations to workers, including benefits, payroll taxes, and other labor-related expenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into broader labor income and household economic conditions, which are important factors for assessing the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge labor market conditions and broader economic performance, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Households and Nonprofit Organizations; Supplements to Wages and Salaries, Transactions (HNOEOSQ027S), retrieved from FRED.