All Employees: Total Private in Arizona
SMS04000000500000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,824.30
Year-over-Year Change
0.64%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Total Private in Arizona' economic trend measures the total number of private-sector employees in the state of Arizona. This metric is crucial for policymakers and economists to understand labor market dynamics and economic conditions 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
This data series tracks the total number of private-sector employees in Arizona, excluding government workers. It provides insight into the overall health and growth of the state's private-sector job market, which is a key indicator of economic performance.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in private-sector employment are closely monitored by policymakers, investors, and economic analysts to assess the strength of the local and national economy.
Key Facts
- Arizona has a population of over 7 million people.
- The private sector accounts for over 80% of total employment in Arizona.
- Private-sector job growth in Arizona has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Total Private in Arizona' trend measures the total number of private-sector employees in the state of Arizona, excluding government workers.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the overall health and growth of Arizona's private-sector job market, which is a key indicator of the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in private-sector employment are closely monitored by policymakers, investors, and economic analysts to assess the strength of the local and national economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release delay of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Total Private in Arizona (SMS04000000500000001), retrieved from FRED.