All Employees: Administrative and Support and Waste Management and Remediation Services in Arizona
SMU04000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
245.20
Year-over-Year Change
18.80%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the administrative, support, waste management, and remediation services industry in the state of Arizona. It is an important indicator of the health and growth of the service sector in 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 All Employees: Administrative and Support and Waste Management and Remediation Services in Arizona metric tracks the employment levels in a key service industry that provides essential business functions and environmental services. This data is used by economists and policymakers to analyze labor market trends and the broader economic conditions in Arizona.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by state and local governments, as well as businesses, to inform economic development strategies and investment decisions.
Key Facts
- Arizona has over 200,000 employees in the administrative and waste services industry.
- This sector accounts for approximately 8% of total nonfarm employment in the state.
- Employment in this industry has grown by 15% in Arizona over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the administrative, support, waste management, and remediation services industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This employment data is used by economists and policymakers to analyze the health and growth of the service sector in Arizona's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by state and local governments, as well as businesses, to inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Arizona (SMU04000006056000001A), retrieved from FRED.