All Employees: Professional and Business Services in North Carolina
Annual, Not Seasonally Adjusted
SMU37000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
741.30
Year-over-Year Change
37.99%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the annual average of not seasonally adjusted employment in Arizona. It provides insights into the state's labor market and economic conditions.
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 Annual, Not Seasonally Adjusted employment series tracks the total number of jobs in Arizona over a 12-month period without adjusting for typical seasonal fluctuations. This metric is used by economists and policymakers to analyze long-term employment trends and the overall health of the state's economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to inform decisions around economic development, workforce programs, and fiscal policy.
Key Facts
- Arizona's annual employment averaged over 3 million jobs in 2022.
- The state's labor force participation rate was 61.5% in 2022.
- Arizona saw strong job growth of 4.2% in 2022 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average of not seasonally adjusted employment in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into long-term employment trends and the overall health of Arizona's economy, which is valuable for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to inform decisions around economic development, workforce programs, and fiscal policy in Arizona.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU37000006000000001A), retrieved from FRED.