Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for Israel
Annual, Seasonally Adjusted
LFEAINTTILA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
435,008.30
Year-over-Year Change
0.06%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the average annual income of individuals living in the United States. This key economic indicator provides insight into the overall financial well-being and purchasing power of American households.
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 annual income statistic represents the mean income earned by individuals from all sources, including wages, salaries, self-employment, and government benefits, after adjusting for seasonal variations. Economists and policymakers closely monitor this data to gauge the strength of the labor market and consumer spending.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and calculated as an annual average.
Historical Context
Trends in individual income are used to inform fiscal and monetary policy decisions that can impact economic growth, inflation, and standards of living.
Key Facts
- The average annual income in the U.S. was $63,214 in 2021.
- Real (inflation-adjusted) incomes have grown by 25% over the past 20 years.
- Incomes vary widely by demographic factors like age, education, and occupation.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the average annual income of individuals living in the United States, including wages, salaries, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into the overall financial well-being and purchasing power of American households, which is crucial for understanding consumer spending, labor market conditions, and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and calculated as an annual average.
Q: How is this trend used in economic policy?
A: Trends in individual income are used to inform fiscal and monetary policy decisions that can impact economic growth, inflation, and standards of living.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEAINTTILA647S), retrieved from FRED.