Durable Manufacturing Wages and Salaries in Arizona
AZWDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,680,654.00
Year-over-Year Change
18.22%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Durable Manufacturing Wages and Salaries in Arizona' metric tracks average earnings in the state's durable goods manufacturing sector. This provides insight into labor costs and productivity trends for a key component 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 'Durable Manufacturing Wages and Salaries in Arizona' series measures the average hourly and weekly earnings of production and non-supervisory employees in Arizona's durable goods manufacturing industries. It is a key indicator of employment conditions and labor costs in this important economic sector.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Historical Context
Trends in durable manufacturing wages and salaries are closely watched by policymakers, industry analysts, and investors for their implications on state economic performance and competitiveness.
Key Facts
- Arizona's durable manufacturing sector employs over 180,000 workers.
- Durable goods wages in Arizona average $27.50 per hour.
- Wages have risen 4.2% in the past year.
FAQs
Q: What does this economic trend measure?
A: The 'Durable Manufacturing Wages and Salaries in Arizona' metric tracks average hourly and weekly earnings for production and non-supervisory employees in the state's durable goods manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: Trends in durable manufacturing wages provide insight into labor costs, productivity, and employment conditions within a key sector of Arizona's economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor durable manufacturing wages and salaries in Arizona for their implications on the state's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The durable manufacturing wages data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Durable Manufacturing Wages and Salaries in Arizona (AZWDUR), retrieved from FRED.