Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Arizona
SMU04000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,053.35
Year-over-Year Change
39.40%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Arizona. It is an important indicator of economic activity and the strength of the labor market in this key industry.
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 Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Arizona metric tracks changes in the average weekly earnings of workers in this broad, economically significant sector. This data is used by economists and policymakers to assess the overall health of the Arizona economy and make informed decisions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, businesses, and policymakers to understand the economic conditions and make informed decisions.
Key Facts
- Arizona's trade, transportation, and utilities sector employs over 800,000 workers.
- Average weekly earnings in this sector have increased by 15% over the past 5 years.
- The sector accounts for nearly 20% of Arizona's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and labor market conditions in a key industry, providing insights for economists, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, businesses, and policymakers to understand the economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Arizona (SMU04000004000000011A), retrieved from FRED.