Administrative and Waste Services Earnings in Arkansas
This dataset tracks administrative and waste services earnings in arkansas over time.
Latest Value
4473924.00
Year-over-Year Change
14.36%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Earnings in Arkansas trend measures average weekly earnings in the administrative and waste services industry in the state of Arkansas. This metric is important for economists and policymakers to understand labor market conditions and income trends in the service sector.
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 Administrative and Waste Services Earnings in Arkansas trend provides insights into compensation levels for workers in administrative, support, waste management, and remediation services occupations across the state. This data can inform workforce and economic development initiatives.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in administrative and waste services earnings offer context for broader assessments of Arkansas' economic performance and business climate.
Key Facts
- Arkansas ranks 36th among U.S. states for administrative/waste services earnings.
- Earnings in this sector have risen 15% in Arkansas over the past 5 years.
- Administrative and waste services account for over 6% of Arkansas' total employment.
FAQs
Q: What does this economic trend measure?
A: The Administrative and Waste Services Earnings in Arkansas trend measures average weekly earnings for workers in administrative, support, waste management, and remediation services occupations across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into compensation levels and labor market conditions in a key service sector, which can inform workforce, economic, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in administrative and waste services earnings offer context for broader assessments of Arkansas' economic performance and business climate, which can guide workforce and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag, and may be subject to revision based on additional reporting.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in Arkansas (AREADM), retrieved from FRED.