All Employees: Social Assistance in Arizona
SMU04000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.60
Year-over-Year Change
86.37%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Social Assistance in Arizona' trend measures the total number of employees in the social assistance industry within the state of Arizona. This data provides insight into the size and growth of the social services sector, a key indicator of economic and social well-being.
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 social assistance industry includes organizations providing individual and family services, community food and housing, and emergency and other relief services. This metric serves as an important barometer for understanding the scale and dynamics of Arizona's social service infrastructure and its evolving role in 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
Policymakers and researchers use this trend to assess the health and accessibility of Arizona's social support systems in relation to economic conditions and community needs.
Key Facts
- Arizona's social assistance industry employs over 75,000 workers.
- Social assistance jobs have grown by 20% in Arizona over the past decade.
- The social assistance sector accounts for approximately 3% of Arizona's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Social Assistance in Arizona' trend measures the total number of people employed in the social assistance industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and growth of Arizona's social services sector, which is a key indicator of economic and social well-being in the state.
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: Policymakers and researchers use this trend to assess the health and accessibility of Arizona's social support systems in relation to economic conditions and community needs.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in Arizona (SMU04000006562400001A), retrieved from FRED.