All Employees: Real Estate and Rental and Leasing in Arizona
SMU04000005553000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.50
Year-over-Year Change
30.20%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Real Estate and Rental and Leasing in Arizona' metric tracks employment in the real estate, rental, and leasing industries in the state of Arizona. This economic indicator is important for understanding the health and trends of the local real estate market.
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 data series measures the total number of employees working in the real estate, rental, and leasing industries across Arizona. It provides insight into the strength and growth of this key economic sector, which is a major driver of economic activity in the state.
Methodology
The data is collected through surveys of private-sector businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the performance of Arizona's real estate and rental markets and make informed decisions.
Key Facts
- Arizona is one of the fastest-growing states for real estate and rental industries.
- Employment in this sector has increased by over 20% in the past decade.
- The real estate and rental industry accounts for over 5% of Arizona's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the real estate, rental, and leasing industries across the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and growth of a key economic sector in Arizona, which is crucial for understanding the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private-sector businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the performance of Arizona's real estate and rental markets and make informed decisions about economic policy and development.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, All Employees: Real Estate and Rental and Leasing in Arizona (SMU04000005553000001A), retrieved from FRED.