Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Czechia
Quarterly, Seasonally Adjusted
LFIN64TTCZQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,473,554.00
Year-over-Year Change
-2.69%
Date Range
1/1/1998 - 1/1/2025
Summary
This quarterly, seasonally adjusted economic indicator measures the percent change in personal income, a key measure of household purchasing power and economic well-being.
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
Personal income includes wages, salaries, business profits, dividends, interest, and government transfer payments. It is a comprehensive indicator used by economists and policymakers to assess the overall state of the economy and consumer spending trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other government sources.
Historical Context
Trends in personal income growth are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Personal income accounts for over 70% of U.S. GDP.
- Income growth is a key driver of consumer spending.
- Quarterly personal income data is released within a month after each quarter ends.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarterly, seasonally adjusted percent change in personal income, which includes wages, salaries, business profits, dividends, interest, and government transfer payments.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a fundamental indicator of household purchasing power and economic well-being, making it crucial for understanding consumer spending patterns and the overall state 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 based on surveys and other government sources.
Q: How is this trend used in economic policy?
A: Trends in personal income growth are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that aim to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The quarterly personal income data is typically released within a month after each quarter ends, providing timely information to analysts and policymakers.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFIN64TTCZQ647S), retrieved from FRED.