Retail Trade Wages and Salaries in Arkansas
ARWRET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,383,750.00
Year-over-Year Change
7.02%
Date Range
1/1/1998 - 1/1/2025
Summary
Retail Trade Wages and Salaries in Arkansas tracks the average earnings of retail workers in the state. This metric provides insights into consumer spending patterns and the health of the local labor market.
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 Retail Trade Wages and Salaries in Arkansas series measures the average hourly and weekly earnings of non-supervisory employees in the retail trade industry across Arkansas. It is a key indicator of economic conditions and consumer demand in the state.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this metric to assess the strength of consumer activity and the broader state economy.
Key Facts
- Arkansas retail wages have risen by 20% over the past decade.
- Retail is the largest private-sector employer in Arkansas.
- Wages in the Arkansas retail sector are 15% below the national average.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Wages and Salaries in Arkansas series tracks the average hourly and weekly earnings of non-supervisory retail workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the overall health of the Arkansas labor market, which are important factors for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the strength of consumer activity and the broader state economy, which can inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The Retail Trade Wages and Salaries in Arkansas data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Retail Trade Wages and Salaries in Arkansas (ARWRET), retrieved from FRED.