All Employees: Service-Providing in Arizona
SMU04000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,769.40
Year-over-Year Change
0.69%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Service-Providing in Arizona' economic trend measures the total number of service-providing jobs in the state of Arizona. This statistic is important for economists and policymakers to understand the health and composition of the state's labor market.
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 data series tracks the total number of employees in service-providing industries across Arizona, including sectors like trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure, and hospitality. It provides a comprehensive view of the service component of the state's nonfarm employment.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this employment trend helps analysts and policymakers assess the overall strength of Arizona's economy and service-sector labor market conditions.
Key Facts
- Arizona's service sector accounts for over 85% of total nonfarm employment.
- Service-providing jobs in Arizona have grown by over 20% since the Great Recession.
- Leisure and hospitality is the largest service-providing industry in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of service-providing jobs in the state of Arizona, covering sectors like trade, transportation, utilities, information, and others.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the service-providing employment trend in Arizona provides important insights into the overall health and composition of the state's labor market and economy.
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: This employment trend helps analysts and policymakers assess the strength of Arizona's service sector and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Arizona (SMU04000000700000001), retrieved from FRED.