Average Hourly Earnings of All Employees: Other Services in Wisconsin
SMU55000008000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.00
Year-over-Year Change
9.10%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Other Services in Wisconsin' trend measures the average hourly wage for workers in the 'Other Services' industry sector within Wisconsin. This data provides insight into labor market conditions and wage dynamics in the state.
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 'Other Services' industry sector includes a diverse range of businesses such as repair and maintenance, personal care services, and religious organizations. This earnings data is a key economic indicator used by policymakers and analysts to assess the strength of the Wisconsin labor market and consumer purchasing power.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by economists and state officials to inform economic and workforce development policies.
Key Facts
- The 'Other Services' sector accounts for over 5% of total employment in Wisconsin.
- Average hourly earnings in this sector have risen by 3.2% over the past year.
- Wisconsin's 'Other Services' wages are 2.1% above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage for workers in the 'Other Services' industry sector within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor market conditions and wage dynamics in Wisconsin, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by state officials and economists to inform economic and workforce development policies in Wisconsin.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month publication lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Other Services in Wisconsin (SMU55000008000000003), retrieved from FRED.