All Employees: Employment Services in Wisconsin
SMU55000006056130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.50
Year-over-Year Change
-18.38%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Employment Services in Wisconsin' trend measures the total number of workers employed in the employment services industry within the state of Wisconsin. This metric is a key indicator of the strength and dynamics of the local labor market.
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
The employment services industry includes companies that provide employee placement and staffing services. This economic indicator offers insights into the demand for temporary, contract, and permanent workers, which reflects broader trends in the Wisconsin economy.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this trend to assess labor market conditions and make informed decisions.
Key Facts
- Wisconsin's employment services industry employs over 55,000 workers.
- This trend has shown steady growth since the 2008-2009 recession.
- The employment services sector accounts for approximately 2% of Wisconsin's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Employment Services in Wisconsin' trend measures the total number of workers employed in the employment services industry within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the demand for temporary, contract, and permanent workers, which reflects broader trends in the Wisconsin labor market and economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess labor market conditions and make informed decisions about economic and workforce development strategies in Wisconsin.
Q: Are there update delays or limitations?
A: The employment services 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, All Employees: Employment Services in Wisconsin (SMU55000006056130001A), retrieved from FRED.