All Employees: Other Services in Arizona
AZSRVO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.00
Year-over-Year Change
1.35%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the 'Other Services' industry sector in the state of Arizona. It is an important indicator of economic activity and labor market conditions in this key service-providing 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
The 'All Employees: Other Services in Arizona' trend tracks employment levels in a diverse range of service-providing industries not classified elsewhere, including personal services, repair and maintenance, and religious/civic/professional organizations. This metric offers insights into the broader service economy in Arizona.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment trend to gauge the health and trajectory of Arizona's service sector.
Key Facts
- Arizona's 'Other Services' sector accounts for over 5% of the state's total nonfarm employment.
- Employment in this sector has grown by 8% in Arizona over the past 5 years.
- The 'Other Services' industry includes a diverse range of businesses, from auto repair to personal care.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Arizona' trend tracks the total number of people employed in the 'Other Services' industry sector within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and trajectory of Arizona's broader service economy, which is a significant driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment trend to gauge the performance of Arizona's service sector and inform decisions related to economic development, workforce planning, and other policy initiatives.
Q: Are there update delays or limitations?
A: The 'All Employees: Other Services in Arizona' data is released with a slight lag, typically 1-2 months after the reference period. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Arizona (AZSRVO), retrieved from FRED.