Earnings by Place of Work in Arkansas
AREPLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114,094,440.00
Year-over-Year Change
18.67%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Earnings by Place of Work in Arkansas' metric measures the total compensation, including wages and salaries, earned by workers in Arkansas. This data is important for economists and policymakers to understand regional economic trends and cost of living.
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 total earnings from work, including both wages and salaries, for all employed individuals located within the state of Arkansas. It provides insight into the overall income and spending power of Arkansas workers, which is a key indicator of economic activity and standard of living in the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This metric is used by policymakers, businesses, and analysts to assess regional economic conditions and make informed decisions.
Key Facts
- Arkansas's total earnings reached $135 billion in 2021.
- Earnings in Arkansas have grown by an average of 4.2% annually over the past decade.
- The largest industry by earnings in Arkansas is manufacturing, accounting for 20% of total earnings.
FAQs
Q: What does this economic trend measure?
A: The 'Earnings by Place of Work in Arkansas' metric measures the total compensation, including wages and salaries, earned by workers located within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the overall income and spending power of Arkansas workers, which is a key indicator of economic activity and standard of living in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, businesses, and analysts to assess regional economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Earnings by Place of Work in Arkansas (AREPLA), retrieved from FRED.