Health Care and Social Assistance Wages and Salaries in Arizona
AZWHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,798,317.00
Year-over-Year Change
27.49%
Date Range
1/1/1998 - 1/1/2025
Summary
The Health Care and Social Assistance Wages and Salaries in Arizona metric tracks compensation trends in this critical economic sector. It provides valuable insights for policymakers and analysts on labor market conditions.
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 measures the total wages and salaries paid to employees in the health care and social assistance industry within the state of Arizona. It is a key indicator of economic activity and labor market dynamics in this important service-providing sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists, policymakers, and industry stakeholders to assess the strength of Arizona's health care labor market.
Key Facts
- Arizona's health care and social assistance sector employs over 400,000 people.
- Wages in this industry have grown by 25% over the past decade.
- Health care is one of the fastest-growing segments of Arizona's economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total wages and salaries paid to employees in the health care and social assistance industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the strength of Arizona's health care labor market, which is a critical sector of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the health of Arizona's health care industry and make informed decisions about economic and workforce policies.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis with a relatively short lag, allowing for timely analysis of trends in the health care labor market.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Wages and Salaries in Arizona (AZWHEA), retrieved from FRED.