All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Arizona
SMU04000004244100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.20
Year-over-Year Change
2.40%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the total number of employees in the retail trade motor vehicle and parts dealers industry in Arizona. It provides valuable insights into the economic health and labor market dynamics of this important 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
The 'All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Arizona' series tracks the total number of individuals employed in this specific industry within the state. It offers economists and policymakers a granular view of employment trends in this crucial component of Arizona's retail landscape.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Historical Context
This metric is widely used to monitor the performance and outlook of Arizona's auto dealerships and related retail outlets.
Key Facts
- Arizona has over 1,300 motor vehicle and parts dealers.
- This industry accounts for nearly 25% of the state's retail trade employment.
- Employment in this sector has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the motor vehicle and parts dealers industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and performance of Arizona's auto dealerships and related retail outlets, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to monitor the economic conditions and outlook for Arizona's automotive retail industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may be subject to revisions and reporting lags typical of employment surveys.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Arizona (SMU04000004244100001), retrieved from FRED.