Average Weekly Earnings of All Employees: Manufacturing in Wisconsin
SMU55000003000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,255.82
Year-over-Year Change
43.33%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Manufacturing in Wisconsin' trend measures the average weekly earnings for manufacturing workers in the state of Wisconsin. This metric is closely watched by economists and policymakers as an indicator of labor market conditions and potential 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 represents the average weekly earnings of all employees in the manufacturing sector in Wisconsin. It is used to assess the economic health of the manufacturing industry and broader labor market trends within the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers at the Federal Reserve and state governments monitor this metric to inform decisions on monetary and fiscal policy.
Key Facts
- Wisconsin is a major manufacturing hub in the Midwest.
- Manufacturing accounts for over 16% of Wisconsin's GDP.
- Average weekly earnings in Wisconsin manufacturing are above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the manufacturing sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of labor market conditions and inflationary pressures within Wisconsin's manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and state governments monitor this metric to inform decisions on monetary and fiscal policy related to the manufacturing sector and broader labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Wisconsin (SMU55000003000000011A), retrieved from FRED.