Forestry, Fishing, Related Activities and Other Wages and Salaries in Arizona
AZWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
429,749.00
Year-over-Year Change
2.87%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities and Other Wages and Salaries in Arizona' trend measures earnings in Arizona's natural resource and supporting industries. It provides insights into labor market conditions and economic activity in this key 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
This series tracks total wages and salaries paid to workers in Arizona's forestry, fishing, and related activities, as well as other natural resource-based industries. It is a key indicator of economic performance and can inform policy decisions around natural resource management and workforce development.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Policymakers and analysts use this trend to monitor the health of Arizona's natural resource economy and make informed decisions.
Key Facts
- Arizona is a major producer of forest products and seafood.
- This sector employs over 20,000 workers in the state.
- Wages in this industry have grown by 5% annually on average.
FAQs
Q: What does this economic trend measure?
A: This trend measures total wages and salaries paid to workers in Arizona's forestry, fishing, and related natural resource industries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and labor market conditions of a key sector of Arizona's economy, informing policy decisions around natural resource management and workforce development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health of Arizona's natural resource economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a short delay, and may be subject to revisions based on updated employer reports.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in Arizona (AZWFOR), retrieved from FRED.