Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Arizona
SMU04000004000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.01
Year-over-Year Change
42.97%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Arizona measures the average hourly pay for workers in these critical economic sectors in the state. This metric provides insight into labor costs and household incomes.
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 for all employees across the trade, transportation, and utilities industries in Arizona. It serves as an important indicator of economic conditions and purchasing power for workers in these key service sectors.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess labor market trends and cost-of-living factors in Arizona.
Key Facts
- Arizona's trade, transportation, and utilities sector employs over 700,000 workers.
- Hourly wages in these industries have risen by 20% over the past decade.
- This metric helps track the purchasing power of households in key service sectors.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wage for employees across the trade, transportation, and utilities industries in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and household incomes in key service sectors of the Arizona economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess labor market trends and cost-of-living factors in Arizona.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Arizona (SMU04000004000000003A), retrieved from FRED.