Average Hourly Earnings of All Employees: Leisure and Hospitality in Arizona
SMU04000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.64
Year-over-Year Change
0.35%
Date Range
1/1/2007 - 6/1/2025
Summary
This trend measures the average hourly earnings of all employees in the leisure and hospitality industry in the state of Arizona. It provides insights into wage levels and trends in this key economic sector.
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: Leisure and Hospitality in Arizona is a widely-tracked economic indicator that reflects the typical hourly compensation for workers in Arizona's leisure and hospitality industries, which include hotels, restaurants, arts, entertainment, and recreation.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to gauge the state of the Arizona labor market and consumer spending patterns.
Key Facts
- Arizona's leisure and hospitality sector employs over 300,000 workers.
- Hourly earnings in this industry are typically lower than the statewide average.
- Wage growth in leisure and hospitality has outpaced the overall state average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees working in the leisure and hospitality industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage levels and trends in a key economic sector, helping to gauge the strength of the Arizona labor market and consumer spending patterns.
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: This trend is closely monitored by policymakers, economists, and industry analysts to assess the state of the Arizona labor market and consumer spending.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Leisure and Hospitality in Arizona (SMU04000007000000003), retrieved from FRED.