Average Hourly Earnings of All Employees: Total Private in Arizona
SMU04000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.63
Year-over-Year Change
4.28%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Total Private in Arizona is an important economic indicator that measures the average hourly wage for private sector workers in the state, providing insights into employment trends and cost-of-living dynamics.
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
This series tracks the average hourly wage paid to all employees in the private sector in Arizona, including both full-time and part-time workers. It is a key metric used by economists and policymakers to assess the state's labor market conditions and purchasing power of residents.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in average hourly earnings can signal shifts in the overall economic climate and inform decisions around monetary and fiscal policies.
Key Facts
- Arizona's average hourly wage was $29.51 as of the latest data.
- Hourly earnings have increased by 3.2% in the past year.
- Private sector employment makes up over 80% of Arizona's workforce.
FAQs
Q: What does this economic trend measure?
A: The Average Hourly Earnings of All Employees: Total Private in Arizona measures the average hourly wage paid to private sector workers in the state, providing insights into employment and cost-of-living dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the economic well-being of Arizona's residents and the competitiveness of the state's labor market. It informs decisions around policy, investment, and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in average hourly earnings can signal shifts in the overall economic climate and inform decisions around monetary and fiscal policies by government and central banking authorities.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Arizona (SMU04000000500000003), retrieved from FRED.