International Trade: Ratio: Exports to Imports: Total for Russia
Annual, Not Seasonally Adjusted
XTEITT01RUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
220.23
Year-over-Year Change
33.28%
Date Range
1/1/1991 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted total employee-related taxes and insurance contributions in the United States. It provides insight into the cost of employment 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
The total employee-related taxes and insurance contributions represent the social security, Medicare, federal and state unemployment insurance, and other mandatory payroll taxes paid by workers. This metric is a key indicator of the tax burden on labor and is used by economists to analyze employment costs and labor market conditions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is closely monitored by policymakers, businesses, and labor market analysts to understand the economic environment and assess policy impacts.
Key Facts
- The annual, not seasonally adjusted total employee-related taxes and insurance contributions were $2.4 trillion in 2021.
- These taxes and contributions account for approximately 15% of total personal income in the U.S.
- The trend has shown steady growth over the past decade, reflecting rising employment and labor costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employee-related taxes and insurance contributions, including social security, Medicare, and unemployment insurance, paid by workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the tax burden on labor and employment costs, which are important for understanding labor market dynamics, economic conditions, and policy impacts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and labor market analysts closely monitor this trend to assess the economic environment and the potential impacts of policies related to employment, taxation, and labor costs.
Q: Are there update delays or limitations?
A: The data is released on a regular basis with minimal delays, providing timely insights into employment-related taxes and contributions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (XTEITT01RUA156N), retrieved from FRED.