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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 05/03/2021

 

 

 

GRAPH

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 08/06/2021

GRAPH
* Preliminary 2020 3rd Quarter

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.

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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 08/06/2021

 

 

 

 

 

 

 

Updated 08/06/2021

 

GRAPH
*June


GRAPH
*June

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:
Iowa Workforce Development (IWD) is committed to providing employment services for individual job seekers through our IowaWORKS partnership. IWD continually strives to improve processes and align the organization in such a way to provide effective, demand-driven products and services. Our vision and mission is to create, enable and sustain the most future ready workforce in the nation and to power Iowa's possibilities by connecting workers to opportunites and employers to workforce solutions.


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