|
|
|
| MapStats |
Source: U.S. Bureau of Economic Analysis, Regional Economic Information System. Updated annually. http://www.bea.gov/regional/index.htm
Definitions:
Personal income is the income received by all persons from all sources. Personal income is the sum of net earnings by place of residence; dividends interest, and rental income (property income) of persons; and personal current transfer receipts. Net earnings is earnings by place of work (the sum of wage and salary disbursements (payrolls), supplements to wages and salaries, and proprietors'' income) less contributions for government social insurance, plus an adjustment to convert earnings by place of work to a place-of- residence basis. Personal income is measured before the deduction of personal income taxes and other personal taxes and is reported in current dollars (no adjustment is made for price changes). Per capita personal income shown in this table is calculated as the personal income of the residents of an area divided by the population of that area as of July 1 for the reference year.
Scope and Methodology:
BEA publishes total employment and total wage and salary disbursements as part of its local area estimates of personal income, a measure of the local area economies; the estimates are derived in part from the BLS data, which account for 84 percent of the wage and salary component of the personal income estimates.
The BEA employment and wage estimates differ from the BLS data because BEA adjusts the estimates to account for employment and wages not covered, or not fully covered, by the State UI and UCFE programs. First, additional source data are used to estimate most, or all, of the employment and wages for the following: Farms, farm labor contractors, private households, private elementary and secondary schools, religious membership organizations, railroads, military, and U.S. residents who are employed by international organizations and by foreign embassies and consulates in the United States. Second, employment and wage estimates are added to the BLS data to bridge small gaps in UI coverage for nonprofit organizations not participating in the UI program (several industries), for students and their spouses employed by colleges or universities (private education and State and local government), for elected officials and members of the judiciary (State and local government), for interns employed by hospitals and by social service agencies, and for insurance agents classified as statutory employees (insurance agencies). Third, the employment and wage data are adjusted for misreporting under the UI and UCFE programs.
More Information:
City profiles were updated on August 7th, 2008.
|
|
|