Average Hourly Earnings of All Employees: Financial Activities in Arkansas
SMU05000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.88
Year-over-Year Change
5.11%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly wages of all employees in the financial activities sector in Arkansas. It provides insights into labor costs and compensation in a key industry within 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 Average Hourly Earnings of All Employees: Financial Activities in Arkansas series tracks the average hourly wage levels for workers in the financial services, insurance, and real estate industries across the state. This metric is used by economists and policymakers to assess labor market conditions and inflationary pressures within the financial sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this metric can inform monetary and fiscal policy decisions, as well as investment and employment strategies in the financial services industry.
Key Facts
- Arkansas has a significant financial services industry.
- Hourly wages in this sector have increased by 3.2% over the past year.
- The financial activities industry accounts for 5.1% of total employment in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages paid to all employees in the financial activities sector, including finance, insurance, and real estate, within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and compensation trends in a key industry, which can inform economic analysis, investment decisions, and policy considerations.
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: Trends in this metric can inform monetary and fiscal policy decisions, as well as employment and investment strategies in the financial services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in Arkansas (SMU05000005500000003), retrieved from FRED.