Durable Manufacturing Earnings in Arizona
AZEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,478,526.00
Year-over-Year Change
19.69%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Durable Manufacturing Earnings in Arizona' trend measures the average weekly earnings of workers in the durable manufacturing sector in the state of Arizona. This statistic is closely watched by economists and policymakers to gauge the health of the state's manufacturing industry.
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 the nominal weekly earnings of production and non-supervisory employees in durable goods manufacturing establishments located in Arizona. It provides an indication of wage growth and labor costs in a key sector of the state's economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in Arizona's durable manufacturing earnings are relevant for assessing the state's overall economic performance and the competitiveness of its industrial base.
Key Facts
- Arizona is a major center for durable goods production.
- Manufacturing accounts for over 6% of the state's GDP.
- Durable goods wages have grown faster than state-wide averages.
FAQs
Q: What does this economic trend measure?
A: The 'Durable Manufacturing Earnings in Arizona' trend measures the average weekly earnings of production and non-supervisory employees in durable goods manufacturing establishments located in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into wage growth and labor costs in a critical sector of Arizona's economy, offering valuable context for assessing the state's overall economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in Arizona's durable manufacturing earnings are closely monitored by policymakers, economists, and industry analysts to gauge the health and competitiveness of the state's industrial base.
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 publication.
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Citation
U.S. Federal Reserve, Durable Manufacturing Earnings in Arizona (AZEDUR), retrieved from FRED.