Average Hourly Earnings of All Employees: Financial Activities in Wisconsin
SMU55000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.90
Year-over-Year Change
-2.22%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Financial Activities in Wisconsin measures the average hourly wage for financial industry workers in the state. This data provides insights into the compensation trends in a key economic sector.
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 in the financial activities industry in Wisconsin. It is an important indicator of labor costs and compensation levels in a major component of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess economic conditions and wage pressures in Wisconsin's financial services industry.
Key Facts
- Wisconsin's financial sector employs over 100,000 workers.
- Hourly wages in financial activities are 30% higher than the state average.
- The financial industry accounts for 6% of Wisconsin's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average hourly earnings for all employees in the financial activities industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into compensation levels and labor costs in a key sector of Wisconsin's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) program 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 economic conditions and wage pressures in Wisconsin's financial services industry.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in data availability due to the nature of the CES survey.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in Wisconsin (SMU55000005500000003), retrieved from FRED.