Nondurable Manufacturing Wages and Salaries in Arizona
AZWNON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,247,726.00
Year-over-Year Change
18.27%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures nondurable manufacturing wages and salaries in the state of Arizona. It provides important insights into labor costs and productivity in a key sector 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 Nondurable Manufacturing Wages and Salaries in Arizona series tracks the total compensation paid to workers in the nondurable manufacturing industry within the state. This data is a key indicator of employment conditions, production costs, and economic competitiveness for Arizona manufacturers.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Economists and policymakers use this trend to assess the business climate and make informed decisions about economic development strategies.
Key Facts
- Arizona is a major hub for nondurable manufacturing.
- Wages in this sector have grown steadily over the past decade.
- Nondurable manufacturing accounts for over 10% of Arizona's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to workers in the nondurable manufacturing industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs, productivity, and competitiveness in a key sector of Arizona's economy, which is important for economic policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the business climate and make informed decisions about economic development strategies in Arizona.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Wages and Salaries in Arizona (AZWNON), retrieved from FRED.