Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Arizona
SMU04000006500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,143.10
Year-over-Year Change
-2.54%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the private education and health services industry in Arizona. It provides insights into wage and compensation trends in this 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 Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Arizona tracks the average weekly earnings for workers in the private education and health services industry across the state. This metric is used by economists and policymakers to monitor labor market conditions and cost-of-living trends in this critical service sector.
Methodology
The data is collected through surveys of private businesses and establishments in Arizona.
Historical Context
This trend helps inform decisions around economic policies, workforce development, and business investment in the state's education and healthcare industries.
Key Facts
- Arizona's private education and health services industry employs over 400,000 workers.
- Average weekly earnings in this sector have risen by 25% over the past decade.
- The industry accounts for nearly 15% of the state's total private-sector employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the private education and health services industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor market conditions and compensation trends in a critical service sector of Arizona's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments in Arizona.
Q: How is this trend used in economic policy?
A: This trend helps inform decisions around economic policies, workforce development, and business investment in the state's education and healthcare industries.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric does not capture self-employment or informal work in these sectors.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Arizona (SMU04000006500000011), retrieved from FRED.