Average Weekly Earnings of All Employees: Other Services in Arizona
SMU04000008000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,023.26
Year-over-Year Change
7.19%
Date Range
1/1/2007 - 6/1/2025
Summary
This trend measures the average weekly earnings of all employees in the 'Other Services' industry in Arizona. It provides valuable insights into employment and labor market conditions in this sector of 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 'Other Services' industry in Arizona includes a diverse range of businesses, such as personal care services, religious organizations, and repair and maintenance services. This data series tracks the average weekly earnings for all employees in this industry, offering a window into economic trends and the financial health of these businesses.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor the economic performance and labor market dynamics in Arizona's 'Other Services' sector.
Key Facts
- Arizona's 'Other Services' industry accounts for over 4% of the state's total employment.
- The average weekly earnings in this sector have increased by 12% over the past 5 years.
- The 'Other Services' industry is a significant contributor to the diversity and resilience of Arizona's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the 'Other Services' industry in Arizona, providing insight into labor market conditions and economic performance in this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and industry analysts who need to monitor the financial health and labor market dynamics of Arizona's 'Other Services' sector, which is an important component of the state's diverse economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in the 'Other Services' industry in Arizona.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the overall health and growth potential of Arizona's 'Other Services' sector, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: There may be delays of up to several months in the release of this data, and the survey data may not capture all small businesses in the 'Other Services' industry.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Other Services in Arizona (SMU04000008000000011), retrieved from FRED.