Average Weekly Earnings of All Employees: Goods Producing in Arizona
SMU04000000600000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,428.84
Year-over-Year Change
56.08%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Goods Producing in Arizona metric measures the average weekly earnings of workers in the goods-producing sector in the state of Arizona. This provides insight into economic activity and labor market conditions.
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 average weekly earnings of all employees working in the goods-producing industries in Arizona, which includes manufacturing, construction, and mining. It is a key indicator of economic performance and labor market trends in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this metric to assess the strength of Arizona's economy and make informed decisions.
Key Facts
- Arizona's average weekly earnings in the goods-producing sector were $1,220 as of the latest data.
- The goods-producing sector accounts for approximately 15% of total employment in Arizona.
- Trends in this metric can signal changes in consumer demand, business investment, and overall economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average weekly earnings of all employees working in the goods-producing industries in the state of Arizona, including manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly earnings in the goods-producing sector provide insight into the overall strength of Arizona's economy and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the health of Arizona's economy and make informed decisions about economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months from the reference period.
Related Trends
Forestry, Fishing, Related Activities and Other Wages and Salaries in Arizona
AZWFOR
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Arizona
AZMINQQGSP
Housing Inventory: Median Listing Price Year-Over-Year in Arizona
MEDLISPRIYYAZ
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Arizona
AZARTENTRECQGSP
Transportation Carbon Dioxide Emissions, Petroleum for Arizona
EMISSCO2TOTVTCPEAZA
Poverty Universe, Age 5-17 related for Arizona
PUA5T17RAZ04000A647NCEN
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Goods Producing in Arizona (SMU04000000600000011A), retrieved from FRED.