Finance and Insurance Earnings in Arizona
AZEFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,003,555.00
Year-over-Year Change
13.88%
Date Range
1/1/1998 - 1/1/2025
Summary
The Finance and Insurance Earnings in Arizona trend measures the total earnings of workers in the finance and insurance industry within the state of Arizona. This metric is important for economists and policymakers to understand the strength and growth of this critical economic 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 Finance and Insurance Earnings in Arizona series tracks the total income earned by employees in the finance and insurance industry, which includes banks, insurance companies, securities brokers, and other related businesses. This data provides insight into the overall health and productivity of this key industry within the Arizona economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and payroll records.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and growth potential of Arizona's finance and insurance sector.
Key Facts
- Finance and insurance is a major component of Arizona's economy.
- Earnings in this sector have grown steadily over the past decade.
- The state's finance and insurance workforce accounts for over 5% of total state employment.
FAQs
Q: What does this economic trend measure?
A: The Finance and Insurance Earnings in Arizona trend measures the total earnings of workers employed in the finance and insurance industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and growth of a critical sector of the Arizona economy, helping policymakers and analysts assess the state's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and payroll records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the performance and growth potential of Arizona's finance and insurance industry, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The Finance and Insurance Earnings in Arizona data is published quarterly with a short lag, providing timely insights into this economic sector.
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Citation
U.S. Federal Reserve, Finance and Insurance Earnings in Arizona (AZEFIN), retrieved from FRED.