Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Arkansas
SMU05000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
949.43
Year-over-Year Change
2.03%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Arkansas' measures the average weekly pay for workers in the trade, transportation, and utilities sector in Arkansas. This metric provides insight into wage trends and labor market conditions in the state.
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 represents the average weekly earnings of all employees in the trade, transportation, and utilities industry in Arkansas. It is a key indicator of economic activity and consumer spending power in the state and is closely watched by policymakers and analysts.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is utilized by economists, policymakers, and businesses to assess the overall health of the Arkansas economy and guide decision-making.
Key Facts
- Arkansas's trade, transportation, and utilities sector accounts for over 20% of total employment in the state.
- Average weekly earnings in this sector have increased by 3.2% over the past year.
- Wages in this industry are typically higher than the statewide average for all private-sector workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the trade, transportation, and utilities industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage trends and labor market conditions in a key sector of the Arkansas economy, which is important for policymakers, businesses, and economists analyzing economic performance and consumer spending power.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is utilized by economists, policymakers, and businesses to assess the overall health of the Arkansas economy and guide decision-making.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Arkansas (SMU05000004000000011), retrieved from FRED.