Average Weekly Earnings of All Employees: Private Service Providing in Wisconsin
SMU55000000800000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,042.29
Year-over-Year Change
3.30%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Private Service Providing in Wisconsin' tracks the average weekly earnings of private service sector workers in Wisconsin, providing insight into labor market trends and consumer spending power.
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 series measures the average weekly earnings of all employees in the private service-providing industries in the state of Wisconsin. It serves as an important indicator of wage growth and consumer purchasing power within the state's service economy.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of Wisconsin's labor market and economic conditions.
Key Facts
- Wisconsin's private service sector employs over 1.5 million workers.
- Average weekly earnings in this sector have increased by 12% over the past 5 years.
- Service-providing industries account for nearly 70% of Wisconsin's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of all employees in the private service-providing industries in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into wage growth and consumer purchasing power within Wisconsin's service economy, which is a critical component of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments 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 the strength of Wisconsin's labor market and economic conditions, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Private Service Providing in Wisconsin (SMU55000000800000011), retrieved from FRED.