Average Hourly Earnings of Production Employees: Wholesale Trade in Arizona
SMU04000004100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.55
Year-over-Year Change
2.57%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Hourly Earnings of Production Employees in the Wholesale Trade industry in Arizona measures the average hourly wage paid to production workers in this sector. This metric is a key indicator of labor costs and economic conditions in the state.
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 series tracks the average hourly wage paid to production employees in the wholesale trade industry across Arizona. It is a valuable data point for analyzing economic trends, labor market dynamics, and inflationary pressures within the state's wholesale trade sector.
Methodology
Data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend provides important context for policymakers, economists, and businesses monitoring Arizona's economic performance and labor market conditions.
Key Facts
- Wages in Arizona's wholesale trade sector influence consumer prices and business costs.
- This metric tracks hourly pay for frontline production workers, not managerial or executive compensation.
- Trends in wholesale earnings can signal shifts in labor supply, productivity, and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wage paid to production employees in the wholesale trade industry across the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This earnings metric provides valuable insights into labor costs, economic conditions, and inflationary pressures within Arizona's wholesale trade sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses monitor this earnings trend to assess labor market dynamics and overall economic performance in Arizona.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags in reporting from the source agency.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Wholesale Trade in Arizona (SMU04000004100000008), retrieved from FRED.