Forestry, Fishing, Related Activities, and Other Earnings in Wisconsin
WIEFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
754,901.00
Year-over-Year Change
4.39%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities, and Other Earnings in Wisconsin' trend measures the total earnings in these economic sectors within the state of Wisconsin. This data provides insights into the performance and contribution of these industries to 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 economic indicator tracks the total earnings, which include wages, salaries, and other forms of compensation, generated by the forestry, fishing, and related activities sectors in Wisconsin. It offers a gauge of the economic health and productivity of these industries within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey and administrative sources.
Historical Context
Policymakers and analysts use this trend to understand the role of natural resource-based industries in Wisconsin's economy and inform relevant policies and investment decisions.
Key Facts
- Wisconsin is a leading producer of forest products in the United States.
- The fishing industry in Wisconsin generates significant revenue and employment.
- Earnings in the forestry and fishing sectors have experienced fluctuations over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total earnings, including wages, salaries, and other forms of compensation, generated by the forestry, fishing, and related activities sectors in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic performance and contribution of natural resource-based industries in Wisconsin, which is useful for policymakers, investors, and analysts to understand the state's economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey and administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the role of the forestry, fishing, and related activities sectors in Wisconsin's economy and inform relevant policies and investment decisions.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the source agency, the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities, and Other Earnings in Wisconsin (WIEFOR), retrieved from FRED.