Average Hourly Earnings of All Employees: Goods Producing in Wisconsin
SMU55000000600000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.37
Year-over-Year Change
2.82%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Goods Producing in Wisconsin measure the average hourly wages for workers in the goods-producing sector in the state. This metric is a key indicator of economic conditions and labor market 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 series tracks the average hourly earnings for all employees engaged in goods-producing industries in Wisconsin, such as manufacturing, construction, and mining. It provides insight into wage growth and purchasing power for workers in the state's core industrial sectors.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the strength of Wisconsin's labor market and broader economic performance.
Key Facts
- Wisconsin is a major manufacturing hub in the Midwest.
- Goods-producing industries account for a significant share of the state's economy.
- Hourly wage trends can signal changes in worker purchasing power and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees in goods-producing industries in the state of Wisconsin, such as manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and purchasing power for workers in Wisconsin's core industrial sectors, which is crucial for understanding the state's economic performance and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the strength of Wisconsin's labor market and broader economic performance, which can inform policy decisions related to employment, wages, and industrial development.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a short delay in reporting compared to the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Goods Producing in Wisconsin (SMU55000000600000003), retrieved from FRED.