Average Hourly Earnings of All Employees: Total Private in Wisconsin
SMU55000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.87
Year-over-Year Change
1.96%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic indicator tracks the average hourly earnings of all private sector employees in Wisconsin. It is a key measure of labor costs and a barometer of economic conditions in the state.
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: Total Private in Wisconsin is a monthly economic indicator that measures the average hourly wage paid to private sector workers in the state. It is used by economists and policymakers to assess trends in labor costs and overall economic activity.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Wisconsin's average private sector wage was $29.42 in January 2023.
- Hourly earnings have risen 5.2% in Wisconsin over the past year.
- The state's private employment level is now above pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly wage paid to private sector workers in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: The average hourly earnings metric is a key indicator of labor costs and economic conditions in Wisconsin, providing insight for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Wisconsin (SMU55000000500000003), retrieved from FRED.