Average Hourly Earnings of All Employees: Construction in Wisconsin
SMU55000002000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.71
Year-over-Year Change
0.99%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Construction in Wisconsin' series measures the average hourly wage for construction workers in the state of Wisconsin. This metric is a key indicator of labor costs and economic conditions in the construction industry.
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 of all employees, including both production and supervisory personnel, in the construction sector in Wisconsin. It provides insights into wage trends and inflationary pressures in this important industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to assess the health of the construction labor market and broader economic conditions in Wisconsin.
Key Facts
- The series has been tracked since 1990.
- Wisconsin's construction industry employs over 100,000 workers.
- Average hourly earnings in Wisconsin construction are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly wage for construction workers in the state of Wisconsin, providing insights into labor costs and economic conditions in the construction industry.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding wage trends and inflationary pressures in the construction sector, which is a key driver of economic activity in Wisconsin.
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: Policymakers and analysts use this data to assess the health of the construction labor market and broader economic conditions in Wisconsin, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Construction in Wisconsin (SMU55000002000000003), retrieved from FRED.