Utilities Wages and Salaries in Arizona
AZWUTI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,788,524.00
Year-over-Year Change
27.41%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the average wages and salaries paid to utility industry workers in the state of Arizona. It provides important insights into the labor costs and productivity of a key sector of the state's economy.
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 Utilities Wages and Salaries in Arizona series tracks the total compensation paid to employees in the utilities industry across the state. This metric is closely monitored by policymakers, economists, and industry analysts to assess the overall health and competitiveness of Arizona's utility sector.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Utility industry wages and salaries are a leading economic indicator used to forecast consumer prices, business investment, and state tax revenues.
Key Facts
- Arizona's utilities sector employs over 20,000 workers.
- Utility wages in Arizona are 15% higher than the national average.
- Utility wages have grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average wages and salaries paid to workers in Arizona's utilities industry, including electricity, natural gas, water, and sewage treatment providers.
Q: Why is this trend relevant for users or analysts?
A: Utility industry wages are a key indicator of labor costs and productivity in a vital sector of the Arizona economy. This data is closely watched by policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Utility industry wages are used by economists, policymakers, and market analysts to forecast consumer prices, business investment, and state tax revenues.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a 1-2 month lag. There may be revisions to previous months' figures.
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Citation
U.S. Federal Reserve, Utilities Wages and Salaries in Arizona (AZWUTI), retrieved from FRED.