State Minimum Wage Rate for Arizona
STTMINWGAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.70
Year-over-Year Change
88.46%
Date Range
1/1/2007 - 1/1/2025
Summary
The State Minimum Wage Rate for Arizona tracks the minimum hourly wage set by the state government, an important labor market indicator.
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 represents the statutory minimum wage in Arizona, which establishes the lowest legal hourly pay that employers can offer workers. It is a key metric for analyzing trends in labor costs and worker protections.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics from state government sources.
Historical Context
Policymakers and economists use this trend to assess the economic climate and cost of living in Arizona.
Key Facts
- Arizona's minimum wage is currently $12.80 per hour.
- The minimum wage is adjusted annually based on cost-of-living changes.
- Minimum wage laws aim to provide a basic standard of living for low-wage workers.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Arizona tracks the statutory minimum hourly wage set by the state government.
Q: Why is this trend relevant for users or analysts?
A: The minimum wage is a key indicator of labor market conditions and worker protections in Arizona.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics from state government sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the economic climate and cost of living in Arizona.
Q: Are there update delays or limitations?
A: The data is updated annually to reflect changes in the state's minimum wage law.
Related Trends
State Minimum Wage Rate for North Carolina
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State Minimum Wage Rate for New York
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State Minimum Wage Rate for Alaska
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State Minimum Wage Rate for Arkansas
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Federal Minimum Wage Rate under the Federal Fair Labor Standards Act
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State Minimum Wage Rate for Puerto Rico
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Citation
U.S. Federal Reserve, State Minimum Wage Rate for Arizona (STTMINWGAZ), retrieved from FRED.