Average Weekly Earnings of All Employees: Education and Health Services in Wisconsin
SMU55000006500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,051.68
Year-over-Year Change
41.86%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Education and Health Services in Wisconsin measures the average weekly earnings for workers in the education and health services sector in the state of Wisconsin. This metric provides insight into employment and labor market trends in a key part of the state's 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 series tracks the average weekly earnings for all employees in the education and health services industry in Wisconsin. It is an important economic indicator that reflects wage levels, labor costs, and productivity in these crucial sectors. Economists and policymakers use this data to analyze workforce and compensation trends.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding labor market dynamics and cost pressures in Wisconsin's education and healthcare industries.
Key Facts
- Wisconsin's education and health services sector employs over 700,000 workers.
- Average weekly earnings in this sector have risen by over 25% in the past decade.
- Wages are a key cost driver for schools, hospitals, and other institutions in this industry.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings for all employees in the education and health services industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor costs, workforce trends, and productivity in a critical sector of Wisconsin's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze workforce and compensation dynamics in Wisconsin's education and healthcare industries.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services in Wisconsin (SMU55000006500000011A), retrieved from FRED.