Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Arkansas
SMU05000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.82
Year-over-Year Change
0.30%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic indicator tracks the average hourly earnings of all employees in the trade, transportation, and utilities sector in Arkansas. It provides insights into wage trends and labor market conditions in this key industry.
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: Trade, Transportation, and Utilities in Arkansas is a monthly data series that measures the average hourly wages paid to workers in this broad economic sector within the state. It is a valuable indicator of labor market dynamics and inflationary pressures.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and businesses to gauge the strength of the Arkansas economy and make informed decisions.
Key Facts
- Arkansas's trade, transportation, and utilities sector employs over 350,000 workers.
- Average hourly earnings in this sector have risen by 3.2% over the past year.
- Wage growth in this industry has outpaced the overall state average.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average hourly wages paid to employees in the trade, transportation, and utilities sector in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and inflationary pressures within a key industry in the Arkansas economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this indicator to gauge the strength of the Arkansas economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Arkansas (SMU05000004000000003), retrieved from FRED.