Average Weekly Earnings of Production Employees: Wholesale Trade in Arizona
SMU04000004100000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,278.02
Year-over-Year Change
41.26%
Date Range
1/1/2001 - 1/1/2024
Summary
The Average Weekly Earnings of Production Employees: Wholesale Trade in Arizona is an economic indicator that measures the average weekly earnings of production workers in the wholesale trade industry within the state of Arizona.
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 metric provides insight into wage trends and labor costs in Arizona's wholesale trade sector, which is an important component of the state's overall economic activity. Analysts and policymakers use this data to assess the financial health and competitiveness of Arizona's wholesale businesses.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Tracking changes in this series can inform economic and workforce development policies in Arizona.
Key Facts
- Arizona's wholesale trade sector employs over 130,000 workers.
- Average weekly earnings in this industry have risen by 15% over the past 5 years.
- Wholesale trade accounts for 6% of Arizona's total GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average weekly earnings of production employees in Arizona's wholesale trade industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into wage and labor cost trends in a key sector of Arizona's economy, which is useful for economic analysis and policy planning.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Tracking changes in average weekly earnings in Arizona's wholesale trade industry can inform workforce development, labor market, and economic policies at the state level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Wholesale Trade in Arizona (SMU04000004100000030A), retrieved from FRED.