Average Hourly Earnings of All Employees: Financial Activities in Arizona
SMU04000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.81
Year-over-Year Change
8.28%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Financial Activities in Arizona tracks the average hourly pay for workers in the financial sector within the state. This metric provides insight into labor costs and compensation trends in a 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
This series measures the average hourly wage paid to all employees in the financial activities sector in Arizona. The data is useful for analyzing compensation levels, labor costs, and productivity in the state's finance industry.
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 watched by policymakers, economists, and financial analysts to gauge the economic health and labor market conditions in Arizona's finance sector.
Key Facts
- Arizona's financial activities sector employs over 200,000 workers.
- Hourly wages in this sector are 30% higher than the state's overall average.
- Earnings in financial activities have grown by 4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to all employees working in the financial activities sector within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs, compensation levels, and productivity trends in a key industry for Arizona's economy.
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, economists, and financial analysts closely monitor this trend to gauge the health and labor market conditions in Arizona's finance sector.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical one-month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in Arizona (SMU04000005500000003), retrieved from FRED.