Employment Level for Arizona
EMPLOYAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,627,000.00
Year-over-Year Change
5.99%
Date Range
10/1/2003 - 7/1/2024
Summary
The Employment Level for Arizona measures the total number of people employed in the state. This key economic indicator provides insights into the overall health and performance of Arizona's labor market.
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 Employment Level for Arizona represents the total number of people employed in the state, including both full-time and part-time workers across all industries. This metric is a crucial barometer for evaluating the strength and resilience of Arizona's economy.
Methodology
The data is collected through surveys of households and businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Employment Level for Arizona is closely monitored by policymakers, economists, and businesses to gauge the state's economic conditions and guide policy decisions.
Key Facts
- Arizona's employment level reached a record high in 2022.
- The state's employment growth has outpaced the national average in recent years.
- The COVID-19 pandemic led to a sharp decline in Arizona's employment, but the labor market has since recovered.
FAQs
Q: What does this economic trend measure?
A: The Employment Level for Arizona measures the total number of people employed in the state, across all industries and employment types.
Q: Why is this trend relevant for users or analysts?
A: The Employment Level for Arizona is a key indicator of the state's economic performance and can inform policy decisions, business strategies, and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Employment Level for Arizona to assess the state's economic conditions and guide policy decisions related to employment, taxation, and economic development.
Q: Are there update delays or limitations?
A: The Employment Level for Arizona data is released monthly, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Employment Level for Arizona (EMPLOYAZ), retrieved from FRED.