Average Weekly Earnings of All Employees: Professional and Business Services in Arizona
SMU04000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,437.04
Year-over-Year Change
4.78%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Professional and Business Services in Arizona' trend measures the average weekly earnings for employees in the professional and business services sector in Arizona. This metric provides insight into the economic health and labor market conditions of this 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 tracks the average weekly earnings for all employees in the professional and business services sector within the state of Arizona. It is a key economic indicator used by analysts and policymakers to understand trends in employment compensation and the overall strength of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend can help inform economic and workforce development policies in Arizona.
Key Facts
- Arizona's professional and business services sector employs over 400,000 workers.
- Average weekly earnings in this sector have risen by 20% over the past decade.
- The professional and business services industry accounts for nearly 15% of Arizona's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings for all employees in the professional and business services sector within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this trend provides insight into the economic health and labor market conditions of a key industry in Arizona, which can inform policy decisions and business strategies.
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: Tracking this trend can help policymakers and economists assess the strength of Arizona's professional and business services sector and inform workforce development and economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of 1-2 months.
Similar SMU Trends
Construction Earnings in Arizona
AZECON
Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Arizona
AZFININSQGSP
All Employees: Government: State Government in Arizona
SMU04000009092000001
Estimated Percent of Related Children Age 5-17 in Families in Poverty for Arizona
PP5T17AZ04000A156NCEN
Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Arizona
AZCPUSYSDSGNQGSP
Transportation Carbon Dioxide Emissions, Natural Gas for Arizona
EMISSCO2TOTVTCNGAZA
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in Arizona (SMU04000006000000011), retrieved from FRED.