Average Weekly Earnings of All Employees: Private Service Providing in Arkansas
SMU05000000800000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
978.77
Year-over-Year Change
1.88%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Private Service Providing in Arkansas is an economic indicator that measures the average weekly earnings of private sector service industry workers in the state of Arkansas.
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
This series provides insights into the economic well-being and purchasing power of a key segment of the Arkansas workforce. It is used by economists, policymakers, and businesses to assess labor market conditions and make informed decisions.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is important for understanding consumer demand, inflation, and the overall health of the Arkansas economy.
Key Facts
- The series has been published since 1990.
- Arkansas has a large service sector economy.
- Wages in the service industry impact consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of private sector service industry workers in Arkansas, providing insights into labor market conditions and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding consumer demand, inflation, and the overall health of the Arkansas economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this metric to assess labor market conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Private Service Providing in Arkansas (SMU05000000800000011), retrieved from FRED.