All Employees: Professional, Scientific, and Technical Services in Wisconsin
SMU55000006054000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.00
Year-over-Year Change
32.25%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Professional, Scientific, and Technical Services in Wisconsin' trend measures employment levels in the professional, scientific, and technical services industry in the state of Wisconsin. This data provides important insights into the health and growth of the state's knowledge-based economy.
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 indicator tracks the total number of employees working in professional, scientific, and technical services occupations in Wisconsin. This includes a wide range of high-skilled fields such as legal services, accounting, engineering, computer systems design, and scientific research. The trend is used to analyze workforce dynamics and business activity in Wisconsin's knowledge-based industries.
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 economists monitor this trend to assess the strength of Wisconsin's professional services sector and its contribution to overall state economic performance.
Key Facts
- Professional, scientific, and technical services account for over 10% of total employment in Wisconsin.
- Employment in this sector has grown by 15% in Wisconsin over the past decade.
- The professional services industry is a key driver of high-wage job growth in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in professional, scientific, and technical services occupations within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the strength and growth of Wisconsin's knowledge-based economy, which is a key driver of high-wage employment and overall economic performance in the state.
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 economists monitor this trend to assess the health and growth of Wisconsin's professional services sector, which is crucial for understanding the state's overall economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Professional, Scientific, and Technical Services in Wisconsin (SMU55000006054000001A), retrieved from FRED.