Other Services (Except Public Administration) Wages and Salaries in Arkansas
ARWOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,641,089.00
Year-over-Year Change
22.34%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the wages and salaries of workers in the 'Other Services (Except Public Administration)' industry in Arkansas. It provides important insights into labor market conditions and trends in this sector of the state's economy.
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 'Other Services (Except Public Administration)' industry encompasses a diverse range of economic activities, including personal services, religious organizations, and repair and maintenance services. This wage and salary data helps economists and policymakers understand the compensation levels and trends for workers in this industry across Arkansas.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for assessing the overall health of Arkansas' service sector and can inform state-level economic policies and business decisions.
Key Facts
- Arkansas' 'Other Services' industry accounts for over 5% of the state's total employment.
- Wages in this sector have increased by 3.2% on average over the past 5 years.
- The 'Other Services' industry is the fourth-largest employer in Arkansas by sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the wages and salaries paid to workers in the 'Other Services (Except Public Administration)' industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor market conditions and compensation levels in a diverse service-oriented sector of Arkansas' economy, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is relevant for assessing the overall health of Arkansas' service sector and can inform state-level economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a short delay in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Other Services (Except Public Administration) Wages and Salaries in Arkansas (ARWOTH), retrieved from FRED.