Average Weekly Earnings of All Employees: Financial Activities in Arkansas
SMU05000005500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,404.10
Year-over-Year Change
55.97%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Financial Activities in Arkansas trend measures the average weekly earnings for workers in the financial activities sector in the state of Arkansas. This metric is important for economists and policymakers to understand regional labor market dynamics and compensation trends.
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 economic indicator tracks the average weekly earnings, including overtime pay, for all employees in the financial activities industry within Arkansas. It provides insight into compensation levels and changes over time for a key economic sector in the state.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess economic conditions and competitiveness in Arkansas's financial services industry.
Key Facts
- Arkansas's financial activities sector employs over 50,000 workers.
- Average weekly earnings in this sector have increased by 25% over the past decade.
- Financial activities account for 6% of total employment in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings, including overtime pay, for all employees in the financial activities industry within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation levels and changes over time for a key economic sector in Arkansas, which is useful for assessing regional labor market dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess economic conditions and competitiveness in Arkansas's financial services industry.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Arkansas (SMU05000005500000011A), retrieved from FRED.