Economic Indicators
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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 03/06/2019
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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.
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B. Iowa Earnings Increase
Data Source: Quarterly Census
of Employment and Wages, Iowa
Workforce Development, Employment
Statistics Bureau
Updated 03/06/2019 |
*Quarter 2
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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 189 projects using the 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 26,814 (direct, indirect and induced) jobs and $7.5 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 counties 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 03/06/2019
Updated 03/06/2019
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*Quarter2
*Quarter 2
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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.
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