Net Earnings by Place of Residence in Oregon
ORENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
182,489,372.00
Year-over-Year Change
14.78%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Oregon' metric measures the total personal income earned by Oregon residents, adjusting for commuter flows across state borders. This data is crucial for analyzing Oregon's economic activity and labor market dynamics.
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 series represents the total personal income earned by Oregon residents, regardless of where they are employed. It accounts for money earned by Oregonians working outside the state, as well as income earned within Oregon by non-residents. This provides a more complete picture of Oregon's economic output and household earnings.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using employment, wage, and income tax information.
Historical Context
Policymakers and economists use this metric to evaluate Oregon's economic performance and the purchasing power of its residents.
Key Facts
- Oregon's net earnings totaled $217 billion in 2021.
- Net earnings have grown by 4.2% annually over the past decade.
- Commuters contribute about 6% of Oregon's total net earnings.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Oregon' metric measures the total personal income earned by Oregon residents, accounting for commuter flows across state borders.
Q: Why is this trend relevant for users or analysts?
A: This data provides a more complete picture of Oregon's economic activity and household purchasing power, which is crucial for evaluating the state's economic performance and labor market dynamics.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates this data using employment, wage, and income tax information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Oregon's economic performance and the financial well-being of its residents, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Oregon (ORENET), retrieved from FRED.