Covered Employment in Arizona
AZCEMPLOY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,220,432.00
Year-over-Year Change
0.47%
Date Range
5/27/2006 - 7/19/2025
Summary
The Covered Employment in Arizona metric tracks the number of non-farm employees covered by unemployment insurance programs in the state. This measure provides key insights into Arizona's labor market and broader economic conditions.
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
Covered employment data represents individuals who are eligible for unemployment benefits, offering a comprehensive view of the state's workforce. It is a widely referenced indicator for analyzing employment trends, industry activity, and economic performance in Arizona.
Methodology
The data is collected through a federal-state cooperative program that surveys businesses and compiles employment figures.
Historical Context
Policymakers and analysts use this metric to inform economic and workforce development strategies in Arizona.
Key Facts
- Arizona's covered employment reached a high of 2.7 million in 2019.
- The COVID-19 pandemic led to a 10% decline in covered employment in 2020.
- Trade, transportation, and utilities are the largest employing sectors in Arizona.
FAQs
Q: What does this economic trend measure?
A: The Covered Employment in Arizona metric tracks the number of non-farm employees covered by unemployment insurance programs in the state.
Q: Why is this trend relevant for users or analysts?
A: This measure provides key insights into Arizona's labor market and broader economic conditions, making it a widely referenced indicator for analyzing employment trends, industry activity, and economic performance in the state.
Q: How is this data collected or calculated?
A: The data is collected through a federal-state cooperative program that surveys businesses and compiles employment figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform economic and workforce development strategies in Arizona.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of several weeks between the reference period and the data publication.
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Citation
U.S. Federal Reserve, Covered Employment in Arizona (AZCEMPLOY), retrieved from FRED.