Nondurable Manufacturing Earnings in Arizona
AZENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,205,257.00
Year-over-Year Change
19.67%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Earnings in Arizona trend measures average weekly earnings for nondurable goods manufacturing workers in the state. This data provides insight into the economic health and productivity of Arizona's manufacturing 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 Nondurable Manufacturing Earnings in Arizona series tracks average weekly earnings for production and nonsupervisory employees in nondurable goods manufacturing industries across the state. This metric serves as an indicator of labor market conditions and purchasing power for an important component of Arizona's economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Nondurable manufacturing earnings data is closely monitored by policymakers, analysts, and businesses to gauge the strength of Arizona's industrial base and consumer demand.
Key Facts
- Arizona is a major U.S. hub for nondurable goods production.
- Nondurable manufacturing accounts for over 10% of the state's GDP.
- Weekly earnings in this sector have risen by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Nondurable Manufacturing Earnings in Arizona trend measures average weekly earnings for production and nonsupervisory employees in nondurable goods manufacturing industries across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and purchasing power for an important component of Arizona's economy, helping to gauge the strength of the state's industrial base and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Nondurable manufacturing earnings data is closely monitored by policymakers, analysts, and businesses to assess the health and productivity of Arizona's manufacturing sector.
Q: Are there update delays or limitations?
A: The Nondurable Manufacturing Earnings in Arizona data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Arizona (AZENON), retrieved from FRED.