Other Services (except Public Administration) Earnings in Arkansas
AREOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,101,942.00
Year-over-Year Change
19.65%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (except Public Administration) Earnings in Arkansas' data series measures the average weekly earnings of employees in the 'Other Services' sector, excluding public administration, within the state of 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 indicator provides insight into the compensation levels and economic trends for workers in a diverse range of service industries in Arkansas, such as repair and maintenance, personal care, and religious organizations. It is an important metric for understanding the state's service-sector labor market and economic conditions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Policy analysts and economists use this data to assess the economic health and labor market dynamics of Arkansas's service industries.
Key Facts
- The average weekly earnings for 'Other Services' workers in Arkansas was $672 as of the latest data.
- This sector accounts for approximately 4% of total employment in Arkansas.
- Earnings in the 'Other Services' sector have grown by 12% over the past 5 years in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This data series measures the average weekly earnings of employees in the 'Other Services' sector, excluding public administration, within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the compensation levels and economic trends for workers in a diverse range of service industries in Arkansas, which is important for understanding the state's service-sector labor market and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policy analysts and economists use this data to assess the economic health and labor market dynamics of Arkansas's service industries.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 3-month lag between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Arkansas (AREOTH), retrieved from FRED.