Total Wages and Salaries in Arkansas
ARWTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84,698,023.00
Year-over-Year Change
18.13%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Total Wages and Salaries in Arkansas' series measures the total payroll dollars paid to employees in the state of Arkansas. This metric is a key indicator of economic health and consumer spending power.
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
This data series tracks the total amount of wages, salaries, and other compensation paid to workers in Arkansas. It is a broad measure of income and an important statistic for analyzing state-level economic conditions and trends.
Methodology
The data is collected and published by the U.S. Bureau of Economic Analysis through surveys of employers.
Historical Context
Economists and policymakers monitor this metric to gauge the overall strength of the Arkansas economy and make informed decisions.
Key Facts
- Arkansas's total wages and salaries reached a record high in 2021.
- The COVID-19 pandemic caused a temporary decline in 2020 before a rebound in 2021.
- Wage growth in Arkansas has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Total Wages and Salaries in Arkansas' series measures the total amount of wages, salaries, and other compensation paid to workers in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the overall strength of the Arkansas economy, as it reflects the income and spending power of consumers in the state.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis through surveys of employers in Arkansas.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the state's economic conditions and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Arkansas
ARFININSREALNGSP
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Arkansas
ARARTENTRECQGSP
Average Hourly Earnings of All Employees: Private Service Providing in Arkansas
SMU05000000800000003
Per Capita Personal Consumption Expenditures: Services: Recreation Services for Arkansas
ARPCEPCSRECSRV
Chain-Type Quantity Index for Real GDP: Oil and Gas Extraction (211) in Arkansas
AROILGASQGSP
Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in Arkansas
ARPUBINDRGSP
Citation
U.S. Bureau of Economic Analysis, Total Wages and Salaries in Arkansas (ARWTOT), retrieved from FRED.