Average Hourly Earnings of All Employees: Manufacturing in Wisconsin
SMU55000003000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.82
Year-over-Year Change
1.67%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Manufacturing in Wisconsin is a key economic indicator that measures the average hourly wage for manufacturing workers in the state. It provides insights into labor market conditions and inflationary pressures.
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 wage paid to all employees in the manufacturing sector in Wisconsin. It is a widely followed metric that economists and policymakers use to assess the strength of the state's labor market and gauge inflationary trends.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in average hourly earnings can inform Federal Reserve monetary policy and influence business and consumer spending decisions.
Key Facts
- Wisconsin is a major manufacturing hub in the U.S.
- Manufacturing accounts for over 16% of the state's GDP.
- Wage growth in this sector can signal broader inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to all employees in the manufacturing sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and inflationary pressures in Wisconsin's manufacturing industry, which is a crucial part of the state's economy.
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: Changes in average hourly earnings can inform Federal Reserve monetary policy and influence business and consumer spending 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: Manufacturing in Wisconsin (SMU55000003000000003), retrieved from FRED.