Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Arizona
SMU04000006500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.50
Year-over-Year Change
2.60%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of private sector employees in the education and health services industries in Arizona. It provides insights into labor costs and compensation levels in a key sector of the state's economy.
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 Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Arizona is a data series that tracks changes in hourly compensation for workers in the private education and healthcare industries across the state. It is an important indicator of labor market conditions and trends in these vital service sectors.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to assess economic performance and cost pressures in Arizona's healthcare and education systems.
Key Facts
- Arizona's private education and health services sectors employ over 500,000 people.
- Hourly wages in this industry have risen by 20% over the past decade.
- Wages in this sector are 15% higher than the statewide private sector average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of private sector employees in the education and health services industries in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and compensation levels in a key sector of Arizona's economy, which is important for assessing economic performance and cost pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, economists, and industry analysts to assess economic performance and cost pressures in Arizona's healthcare and education systems.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
Related Trends
Poverty Universe, Age 5-17 related for Arizona
PUA5T17RAZ04000A647NCEN
Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Arizona
AZPROSCITCHNGSP
Gross Domestic Product: Health Care and Social Assistance (62) in Arizona
AZHLTHSOCASSNGSP
Real Gross Domestic Product: Furniture and Related Product Manufacturing (337) in Arizona
AZFURNMANRGSP
Transportation Carbon Dioxide Emissions, Natural Gas (Pipeline) for Arizona
EMISSCO2VNGACBAZA
Housing Inventory: Median Days on Market Month-Over-Month in Arizona
MEDDAYONMARMMAZ
Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Arizona (SMU04000006500000003), retrieved from FRED.