All Employees: Business Support Services in Arizona
SMU04000006056140001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.30
Year-over-Year Change
-32.83%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the business support services industry in Arizona. It is a key indicator of economic activity and labor market conditions in the state.
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: Business Support Services in Arizona data series tracks the total number of people employed in companies that provide administrative and support services to other businesses. This metric helps economists and policymakers assess the health and growth of the service sector in Arizona.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Business support services employment is an important barometer for broader economic conditions and can inform policy decisions.
Key Facts
- Arizona has over 100,000 employees in business support services.
- This industry has seen steady growth over the past decade.
- Business support services account for 4% of total nonfarm employment in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the business support services industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Business support services employment is an important indicator of economic activity and labor market conditions in Arizona. It helps analysts and policymakers assess the health of the service sector in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment data can inform economic policy decisions by providing insights into the overall strength of the Arizona economy and service sector.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve with typical update delays of 1-2 months.
Related Trends
Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Arizona
U4UNEM4AZ
Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arizona
AZPCEGAS
Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Arizona
AZARTENTRECNQGSP
Average Weekly Earnings of All Employees: Leisure and Hospitality in Arizona
SMU04000007000000011A
Transportation Carbon Dioxide Emissions, Coal for Arizona
EMISSCO2TOTVTCCOAZA
Real Estate, Rental and Leasing Earnings in Arizona
AZEREA
Citation
U.S. Federal Reserve, All Employees: Business Support Services in Arizona (SMU04000006056140001A), retrieved from FRED.