All Employees: Employment Services in Arizona
SMU04000006056130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.20
Year-over-Year Change
20.66%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator tracks the total number of employees in the employment services industry in Arizona. It provides insights into the state's labor market and hiring trends.
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: Employment Services in Arizona measure represents the total number of workers employed in the employment services sector, which includes temporary help services, professional employer organizations, and other human resources activities. This data is used by economists and policymakers to analyze the strength and dynamics of Arizona's labor market.
Methodology
The data is collected through monthly surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in employment services can reflect broader economic conditions and hiring patterns in Arizona.
Key Facts
- Arizona's employment services industry employs over 110,000 workers.
- Employment services jobs grew by 5% in Arizona over the past year.
- Temporary help services make up the largest component of employment services in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees in the employment services industry in Arizona, which includes temporary help, professional employer organizations, and other human resources activities.
Q: Why is this trend relevant for users or analysts?
A: Trends in employment services provide insights into the strength and dynamics of Arizona's labor market, which is useful for economists, policymakers, and businesses analyzing hiring and economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to monitor the health of Arizona's labor market and make informed decisions about economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: The employment services data for Arizona is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Employment Services in Arizona (SMU04000006056130001A), retrieved from FRED.