Administrative and Waste Services Wages and Salaries in Arkansas
ARWADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,449,064.00
Year-over-Year Change
11.04%
Date Range
1/1/1998 - 1/1/2025
Summary
This series measures the wages and salaries paid to workers in the administrative and waste services industry in Arkansas. It provides insights into labor costs and economic activity in this 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 Administrative and Waste Services Wages and Salaries in Arkansas series tracks the compensation levels for employees in industries such as office administration, facilities support, waste management, and remediation services. This data is used by economists to analyze industry trends and labor market conditions within the state.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses monitor this metric to understand the evolving labor landscape and cost structure in Arkansas.
Key Facts
- Arkansas ranks 27th in the U.S. for administrative and waste services employment.
- Wages in this sector grew by 3.2% in Arkansas over the past year.
- The administrative and waste services industry accounts for 8.1% of total employment in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This series tracks the wages and salaries paid to workers in the administrative and waste services industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and economic activity in the administrative and waste services sector, which is an important part of Arkansas' economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this metric to understand the evolving labor landscape and cost structure in Arkansas.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing timely insights into this economic sector.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in Arkansas (ARWADM), retrieved from FRED.