Earnings by Place of Work in Arizona
AZEPLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
334,869,644.00
Year-over-Year Change
20.44%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures total earnings by place of work in the state of Arizona. It provides valuable insights into the state's economic performance and labor market dynamics.
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 Earnings by Place of Work in Arizona metric tracks the total compensation, including wages and salaries, employer contributions to pension and insurance funds, and other labor income, earned by individuals working within the state's borders. This data is a key indicator of economic activity and living standards.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and analysts use this metric to assess the overall health of Arizona's economy and make informed decisions about economic and workforce development initiatives.
Key Facts
- Arizona's total earnings by place of work reached $336 billion in 2021.
- The state's earnings grew by 7.2% in 2021 compared to the previous year.
- The trade, transportation, and utilities sector is the largest contributor to Arizona's total earnings.
FAQs
Q: What does this economic trend measure?
A: The Earnings by Place of Work in Arizona metric tracks the total compensation, including wages and salaries, earned by individuals working within the state's borders.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the overall health and performance of Arizona's economy, and is used by policymakers and analysts to make informed decisions about economic and workforce development initiatives.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall health of Arizona's economy and make informed decisions about economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Bureau of Economic Analysis, Earnings by Place of Work in Arizona (AZEPEA), retrieved from FRED.