Professional and Technical Services Earnings in Arkansas
AREPRO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,198,241.00
Year-over-Year Change
24.45%
Date Range
1/1/1998 - 1/1/2025
Summary
The Professional and Technical Services Earnings in Arkansas metric measures the average weekly earnings for workers in Arkansas's professional and technical services industries. This data provides insight into the economic health and labor market conditions of this key sector.
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 Professional and Technical Services Earnings in Arkansas series tracks the average weekly earnings for employees in industries such as legal services, accounting, architecture, engineering, and computer systems design. This statistic is useful for analyzing trends in compensation, labor costs, and the overall strength of Arkansas's professional services economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this metric to gauge the competitiveness and growth of Arkansas's professional services industries.
Key Facts
- Arkansas's professional and technical services earnings averaged $1,229 per week in 2022.
- This sector accounts for over 5% of total employment in Arkansas.
- Earnings in this industry have risen 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Professional and Technical Services Earnings in Arkansas metric measures the average weekly earnings for workers employed in Arkansas's professional and technical services industries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into compensation levels, labor costs, and the overall health of Arkansas's professional services economy, which is an important driver of the state's economic growth.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the competitiveness and growth potential of Arkansas's professional services industries, which are critical to the state's economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as additional information becomes available.
Related Trends
Gross Domestic Product: Chemical Manufacturing (325) in Arkansas
ARCHEMMANNGSP
Finance and Insurance Earnings in Arkansas
AREFIN
Real Gross Domestic Product: Pipeline Transportation (486) in Arkansas
ARPIPETRANRGSP
Regional Price Parities: Services: Other: Metropolitan Portion for Arkansas
ARMPRPPSERVEOTH
Regional Price Parities: Goods for Arkansas
ARRPPGOOD
Average Weekly Earnings of All Employees: Leisure and Hospitality in Arkansas
SMU05000007000000011A
Citation
U.S. Federal Reserve, Professional and Technical Services Earnings in Arkansas (AREPRO), retrieved from FRED.