Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Arizona
SMU04000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,067.67
Year-over-Year Change
0.60%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Arizona. It provides insights into the wage growth and purchasing power in this key economic sector.
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 Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Arizona tracks the nominal weekly wages of workers in these industries across the state. It is an important indicator of labor market conditions and economic activity in a major component of Arizona's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and businesses to gauge the strength of consumer spending and logistical activity in Arizona.
Key Facts
- Arizona's trade, transportation, and utilities sector accounts for over 20% of the state's employment.
- Wages in this sector have risen by an average of 3.5% annually over the past decade.
- The trend provides a timely signal of consumer demand and supply chain pressures in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in the trade, transportation, and utilities sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth and purchasing power in a key component of Arizona's economy, making it a useful indicator for policymakers, businesses, and economists monitoring the state's economic performance.
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 trend is closely monitored by policymakers, economists, and businesses to gauge the strength of consumer spending and logistical activity in Arizona, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Arizona (SMU04000004000000011), retrieved from FRED.