Administrative and Waste Services Wages and Salaries in Arizona
AZWADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,290,840.00
Year-over-Year Change
11.20%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the average wages and salaries paid to workers in the administrative and waste services industry in Arizona. It provides insight into labor costs and economic activity in this critical service sector.
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 Administrative and Waste Services Wages and Salaries in Arizona metric tracks the average hourly or weekly earnings of employees in industries such as office administration, facilities support, waste collection, and remediation services. This data point is useful for analyzing Arizona's service economy and labor market conditions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses monitor this trend to gauge the state's economic performance and competitiveness.
Key Facts
- Arizona's administrative and waste services sector employs over 220,000 workers.
- Wages in this industry have risen by 15% in the past 5 years.
- The industry accounts for 8% of Arizona's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average wages and salaries paid to workers in the administrative and waste services industry in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into labor costs and economic activity in a key service sector of 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 businesses monitor this trend to gauge Arizona's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in Arizona (AZWADM), retrieved from FRED.