Average Weekly Earnings of All Employees: Other Services in Wisconsin
SMU55000008000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
846.80
Year-over-Year Change
16.27%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Other Services in Wisconsin' trend measures the average weekly earnings for workers in the 'Other Services' industry sector in the state of Wisconsin. This metric provides insight into wage growth and labor market conditions in this important 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
The 'Other Services' industry sector includes a diverse range of businesses such as personal care services, repair and maintenance, and religious organizations. Tracking average weekly earnings in this sector helps economists and policymakers understand broader employment and income trends in Wisconsin.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers use this data to inform decisions around economic and workforce development initiatives in Wisconsin.
Key Facts
- Wage growth in Wisconsin's 'Other Services' sector has outpaced the national average in recent years.
- The 'Other Services' industry accounts for over 6% of total employment in Wisconsin.
- Monitoring this metric helps track the health of small businesses and the broader service economy in the state.
FAQs
Q: What does this economic trend measure?
A: The 'Average Weekly Earnings of All Employees: Other Services in Wisconsin' metric tracks the average weekly pay for workers in the 'Other Services' industry sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into wage growth and labor market conditions in an important part of Wisconsin's economy, helping inform economic and workforce development decisions.
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 use this data to help guide decisions around economic and workforce development initiatives in the state of Wisconsin.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and the release.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Other Services in Wisconsin (SMU55000008000000011), retrieved from FRED.