All Employees: Private Service Providing in Arizona
SMS04000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,391.10
Year-over-Year Change
0.80%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic indicator measures the total number of private service-providing employees in the state of Arizona. It provides insights into the health and growth of the service sector within the Arizona 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 All Employees: Private Service Providing in Arizona metric tracks the total number of workers employed in the private service-providing industries in the state. This data is a key indicator of economic activity and labor market conditions, as the service sector comprises a significant portion of Arizona's overall employment.
Methodology
The data is collected through monthly surveys of private nonfarm businesses in Arizona.
Historical Context
Policymakers and analysts use this indicator to assess the performance and trends within Arizona's service-providing industries, which can inform economic and workforce development strategies.
Key Facts
- Arizona's private service-providing industries account for over 70% of the state's total nonfarm employment.
- The service sector in Arizona has seen steady growth over the past decade.
- Fluctuations in this indicator can signal changes in consumer demand and business investment within the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees working in the private service-providing industries in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: The service sector is a critical component of Arizona's economy, and this metric provides insights into the health and growth of private service-providing industries in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private nonfarm businesses in Arizona.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the performance and trends within Arizona's service-providing industries, which can inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a short delay in the publication of the most recent figures.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Arizona (SMS04000000800000001), retrieved from FRED.