Average Weekly Earnings of All Employees: Manufacturing in Arizona
SMU04000003000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,369.60
Year-over-Year Change
37.06%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Manufacturing in Arizona' trend measures the average weekly earnings for manufacturing workers in the state of Arizona. This data point is closely watched by economists and policymakers to gauge the economic health and wage growth in the manufacturing sector.
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 economic indicator tracks the average weekly earnings of all employees in the manufacturing industry across the state of Arizona. It is a useful metric for analyzing wage trends, inflationary pressures, and the overall strength of the state's manufacturing labor market.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the competitiveness and productivity of Arizona's manufacturing industry.
Key Facts
- Arizona's manufacturing sector accounts for over 150,000 jobs.
- Average weekly earnings in Arizona manufacturing have risen 20% in the past decade.
- Manufacturing makes up over 10% of Arizona's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the manufacturing industry across the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data point is closely watched by economists and policymakers to gauge the economic health and wage growth in Arizona's manufacturing sector.
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: Policymakers and analysts use this trend to assess the competitiveness and productivity of Arizona's manufacturing industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Arizona (SMU04000003000000011A), retrieved from FRED.