Net Earnings by Place of Residence in Ohio
OHENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
472,696,124.00
Year-over-Year Change
16.53%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Ohio' series measures the total personal income earned by Ohio residents, adjusting for commuter flows. It is a key indicator of economic activity and living standards 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 metric represents the net earnings (wages, salaries, and self-employment income) of individuals who live in Ohio, regardless of where they work. It is used to assess regional economic performance and household purchasing power.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level personal income and commuter flow statistics.
Historical Context
This trend is monitored by state policymakers, businesses, and economic analysts to gauge Ohio's economic health and residents' financial well-being.
Key Facts
- Ohio's net earnings totaled $468 billion in 2021.
- Per capita net earnings in Ohio were $40,000 in 2021.
- Net earnings grew 5.2% in Ohio from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Ohio' series measures the total personal income earned by Ohio residents, adjusted for commuter flows in and out of the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing regional economic performance, household purchasing power, and living standards within Ohio.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level personal income statistics and commuter flow data.
Q: How is this trend used in economic policy?
A: State policymakers, businesses, and economic analysts monitor this trend to gauge Ohio's overall economic health and residents' financial well-being.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Ohio (OHENET), retrieved from FRED.