Construction Earnings in Wisconsin
WIECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,895,175.00
Year-over-Year Change
20.79%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Construction Earnings in Wisconsin' trend tracks average weekly earnings in the construction industry within the state of Wisconsin. This metric is a key indicator of economic activity and labor market conditions in the construction sector.
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 measures the average weekly earnings of production and nonsupervisory employees in the construction industry in Wisconsin. It is used by economists and policymakers to assess the strength and dynamics of the state's construction labor market.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in construction earnings can inform economic and infrastructure policy decisions at the state level.
Key Facts
- Wisconsin's construction earnings averaged $1,200 per week in 2022.
- Construction wages have risen 5% annually in Wisconsin over the past 3 years.
- The construction industry employs over 100,000 workers in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: The 'Construction Earnings in Wisconsin' trend measures the average weekly earnings of production and nonsupervisory employees in the construction industry within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and labor market conditions in Wisconsin's construction sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in construction earnings can inform economic and infrastructure policy decisions at the state level, as the construction industry is a significant employer and driver of economic activity.
Q: Are there update delays or limitations?
A: The data is published with a lag of several weeks, so it may not reflect the most current conditions in the construction labor market.
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Citation
U.S. Federal Reserve, Construction Earnings in Wisconsin (WIECON), retrieved from FRED.