Retail Trade Wages and Salaries in Arizona
AZWRET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,137,512.00
Year-over-Year Change
4.69%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Wages and Salaries in Arizona trend measures the total wages and salaries paid to employees in the retail trade sector within the state. This metric is an important indicator of economic activity and consumer spending in the region.
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 Retail Trade Wages and Salaries in Arizona series tracks the aggregate earnings of workers employed in the state's retail industry. This provides insight into the health and growth of a key component of the service economy.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program.
Historical Context
Retail wages and salaries are closely watched by policymakers and analysts as a signal of consumer demand and overall economic conditions.
Key Facts
- Arizona is one of the fastest-growing states for retail employment.
- Retail wages account for over 10% of total private sector earnings in the state.
- Wage growth in the Arizona retail sector has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Wages and Salaries in Arizona trend measures the total wages and salaries paid to employees working in the retail sector across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and economic conditions in Arizona, as the retail industry is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Retail wages and salaries are closely monitored by policymakers and analysts as an indicator of consumer demand, which is a critical component of overall economic growth.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several months. There may also be revisions to previous quarters' figures.
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Citation
U.S. Federal Reserve, Retail Trade Wages and Salaries in Arizona (AZWRET), retrieved from FRED.