Other Services (Except Public Administration) Wages and Salaries in Arizona
AZWOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,339,968.00
Year-over-Year Change
28.95%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the wages and salaries paid to workers in the Other Services (Except Public Administration) industry in Arizona. It provides insights into labor costs and economic activity in this important 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 Other Services (Except Public Administration) industry encompasses a diverse range of businesses, including repair and maintenance, personal care services, and religious organizations. This wage and salary data is a key indicator of economic conditions and labor market dynamics in Arizona.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of Arizona's service economy and make informed decisions.
Key Facts
- Other Services is the 4th largest industry in Arizona by employment.
- Wages in this sector grew by 3.2% in 2022 compared to the prior year.
- Arizona's Other Services industry accounts for over 200,000 jobs statewide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the wages and salaries paid to workers in the Other Services (Except Public Administration) industry in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and economic activity in an important service sector, which is crucial for assessing the strength 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 analysts use this trend to assess the strength of Arizona's service economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Other Services (Except Public Administration) Wages and Salaries in Arizona (AZWOTH), retrieved from FRED.