Health Care and Social Assistance Earnings in Arizona
AZEHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,024,207.00
Year-over-Year Change
27.76%
Date Range
1/1/1998 - 1/1/2025
Summary
The Health Care and Social Assistance Earnings in Arizona measures the average weekly earnings for workers in the health care and social assistance sector in the state of Arizona. This data provides insights into the economic conditions and labor market trends in this important 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 average weekly earnings for employees in the health care and social assistance industry in Arizona. It is a key indicator of economic activity and labor market conditions in this vital sector, which includes hospitals, nursing and residential care facilities, and social assistance providers.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to monitor the economic health and workforce dynamics of Arizona's health care system.
Key Facts
- Arizona's health care and social assistance sector employs over 400,000 workers.
- Average weekly earnings in this industry have grown by 25% over the past decade.
- The sector accounts for nearly 15% of Arizona's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings for employees in the health care and social assistance industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the economic conditions and labor market dynamics of a vital sector in Arizona's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the health and workforce trends of Arizona's health care system, which is a major employer and economic driver in the state.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Earnings in Arizona (AZEHEA), retrieved from FRED.