Average Weekly Earnings of All Employees: Private Service Providing in Arkansas
SMU05000000800000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
969.16
Year-over-Year Change
57.11%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Private Service Providing in Arkansas' measures the average weekly earnings of private service sector workers in Arkansas.
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 economic indicator provides insight into the wage levels and labor costs within the private service industry in Arkansas. It is used by economists and policymakers to analyze state-level labor market trends and labor cost pressures.
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 can inform state-level economic and workforce policies.
Key Facts
- Arkansas's private service sector is a key part of the state's economy.
- Weekly earnings data provides insight into labor market conditions.
- This indicator is tracked by policymakers and analysts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of private sector service workers in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and wage levels within Arkansas's private service industry, which is important for economic analysis and policy decisions.
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 indicator can inform state-level economic and workforce policies by providing insights into labor market conditions in Arkansas's private service sector.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Private Service Providing in Arkansas (SMU05000000800000011A), retrieved from FRED.