Average Weekly Earnings of Production Employees: Retail Trade in Arizona
SMU04000004200000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
607.21
Year-over-Year Change
38.38%
Date Range
1/1/2001 - 1/1/2024
Summary
The Average Weekly Earnings of Production Employees: Retail Trade in Arizona metric tracks the average weekly earnings for production workers in the retail trade industry within the state of Arizona. This measure provides important insights into labor costs and productivity trends for a key economic 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 series represents the average weekly earnings for production and non-supervisory employees in the retail trade industry in Arizona. It is a valuable indicator of labor market conditions and can inform business and policy decisions related to employment, wages, and economic growth.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the health of the Arizona retail sector and its broader economic implications.
Key Facts
- Arizona's retail trade industry employs over 300,000 workers.
- Average weekly earnings in this sector have grown by 3.2% over the past year.
- The retail trade industry accounts for approximately 11% of Arizona's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production and non-supervisory employees in the retail trade industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity trends in a key economic sector, which can inform business decisions and policy analysis.
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: Policymakers and economists monitor this trend to assess the health of the Arizona retail sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag and may be subject to revision as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Retail Trade in Arizona (SMU04000004200000030A), retrieved from FRED.