Other Services (except Public Administration) Earnings in Arizona
AZEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,351,823.00
Year-over-Year Change
24.55%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (except Public Administration) Earnings in Arizona' series measures the average hourly earnings for workers in the other services sector, excluding public administration, in the state of Arizona. This data provides valuable insights into the economic health and labor market conditions of Arizona's service industry.
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 sector encompasses a diverse range of industries, including personal and laundry services, religious organizations, and repair and maintenance services. This earnings data is an important indicator of the standard of living and purchasing power for workers in these service-based occupations within Arizona.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Policymakers and economists use this trend to assess the economic performance and competitiveness of Arizona's service sector.
Key Facts
- Arizona's other services sector accounts for over 200,000 jobs.
- Earnings in this sector have grown by 15% over the past 5 years.
- The other services industry is the 5th largest employer in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for workers in the 'other services' sector, excluding public administration, in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the economic health and labor market conditions of Arizona's service industry, which is an important part of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the economic performance and competitiveness of Arizona's service sector, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the Quarterly Census of Employment and Wages, which may result in some update delays.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Arizona (AZEOTH), retrieved from FRED.