Forestry, Fishing, Related Activities and Other Wages and Salaries in Arkansas
ARWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
351,354.00
Year-over-Year Change
-3.59%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities and Other Wages and Salaries in Arkansas' trend measures earnings for workers in Arkansas' forestry, fishing, and related industries. This data is important for economists and policymakers to understand labor market conditions in key natural resource sectors.
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 tracks total wages and salaries paid to employees in forestry, fishing, and other related economic activities in the state of Arkansas. It provides insight into compensation levels and trends within these industries, which are important contributors to the state's economy.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend can help inform economic and workforce development policies in Arkansas.
Key Facts
- Arkansas is a major U.S. producer of timber and wood products.
- Fishing and aquaculture are also important industries in the state.
- Wages in these sectors impact household income and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to workers in Arkansas' forestry, fishing, and related industries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into compensation levels and trends within key natural resource sectors in Arkansas, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this trend can help inform economic and workforce development policies in Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical lag of several months.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in Arkansas (ARWFOR), retrieved from FRED.