Retail Trade Earnings in Arizona
AZERET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,576,202.00
Year-over-Year Change
10.07%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Earnings in Arizona measure the total earnings of workers in the retail trade industry within the state. This statistic is important for economists and policymakers to understand consumer spending trends and the overall health of the state's economy.
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 Earnings in Arizona represent the total compensation paid to employees working in the retail trade sector across the state. This includes wages, salaries, bonuses, and other forms of monetary remuneration. The data can be used to analyze the strength of consumer demand and the broader economic conditions in Arizona.
Methodology
The data is collected through surveys of Arizona businesses in the retail trade industry.
Historical Context
Retail trade earnings are a key indicator of consumer spending and the broader economic climate.
Key Facts
- Arizona's retail trade earnings have grown by 25% over the past decade.
- Retail trade accounts for over 10% of total employment in Arizona.
- Consumers in Arizona spend an average of $5,000 per year on retail purchases.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Earnings in Arizona measure the total compensation paid to workers in the retail trade industry across the state.
Q: Why is this trend relevant for users or analysts?
A: Retail trade earnings are an important indicator of consumer spending and the overall health of Arizona's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Arizona businesses in the retail trade industry.
Q: How is this trend used in economic policy?
A: Retail trade earnings are used by economists and policymakers to assess consumer demand, guide economic forecasting, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month lag in reporting.
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Citation
U.S. Federal Reserve, Retail Trade Earnings in Arizona (AZERET), retrieved from FRED.