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LEADERSHIP AGENDA

Operational Scan

ECONOMIC INDICATORS

DEPARTMENT PERFORMANCE

 

Economic Indicators 

 

A. Increasing Personal Income

Data Source: U.S. Department of Commerce, Bureau of Economic Analysis

NOTE: Slight "benchmark" adjustments are made each fall that adjust the figures for previous years.

 

Updated 05/15/2017

 

 

 

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Why this is important:
Personal income measures income received by households from wages, fringe benefits, rents, interest, dividends, and transfer payments like Social Security. It represents the main component of consumer purchasing power. Because consumer spending accounts for about two-thirds of economic activity, growth (or declines) in personal income have a major impact on the economy.

What we're doing about this:
Since January 2011, the Iowa Economic Development Authority has assisted 217 projects using programs such as the High Quality Jobs Program, and funds authorized by the Iowa legislature. These incentives will bring projects to Iowa that are expected to result in 29,404 (direct, indirect and induced) jobs and more than $9 billion in capital investment for Iowa's economy. These awards help companies of all sizes locating in communities around our state in the most rural countries to Iowa's largest cities.

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B. Iowa Earnings Increase


Data Source: Quarterly Census of Employment and Wages, Iowa Workforce Development, Employment Statistics Bureau

Updated 05/15/2017

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Why this is important:
This represents the money income of workers in all industries. Changes in the figures over time reflect underlying trends in industry wages.

What we're doing about this:
Since January 2011, the Iowa Economic Development Authority has assisted 217 projects using programs such as the High Quality Jobs Program, and funds authorized by the Iowa legislature. These incentives will bring projects to Iowa that are expected to result in 29,404 (direct, indirect and induced) jobs and more than $9 billion in capital investment for Iowa's economy. These awards help companies of all sizes locating in communities around our state in the most rural countries to Iowa's largest cities.


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C. More Iowans Working

Data Source: Iowa Workforce Development, Labor Market and Economic Research Bureau

NOTE: Slight "benchmark" adjustments are made each spring that can affect the figures for previous years.

 

Updated 05/15/2017

 

 

 

 

 

 

 

Updated 05/15/2017

 

GRAPH


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Why this is important:
Employment figures are a count of the number of filled jobs, excluding the self-employed, domestic jobs in private households, farm jobs, and the armed forces. Because some people work more than one job, the employment level also exceeds the number of working persons. Employment is the main source of household income and has a direct impact on consumer spending and the overall health of the economy.

The unemployment rate measures the number of persons 16 years of age and older who do not have jobs and are available for and actively seeking work within the labor force as a whole. This is a major indicator of the degree to which the state economy provides jobs for those who are seeking work.

What we're doing about this:
Since January 2011, the Iowa Economic Development Authority has assisted 217 projects using programs such as the High Quality Jobs Program, and funds authorized by the Iowa legislature. These incentives will bring projects to Iowa that are expected to result in 29,404 (direct, indirect and induced) jobs and more than $9 billion in capital investment for Iowa's economy. These awards help companies of all sizes locating in communities around our state in the most rural countries to Iowa's largest cities.


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D. Home Sales

Data Source: Iowa Association of Realtors

 

 

 

Updated 01/11/2017

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Why this is important:
This reflects the number of residential home sales within a year. Home sales are often a product of favorable interest rates, economic activity, and gains in disposable income.

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