Net Earnings by Place of Residence in Wisconsin
WIENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
253,353,597.00
Year-over-Year Change
15.24%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Wisconsin' series measures the total earnings of Wisconsin residents, including wages, salaries, and other compensation, minus contributions for government social insurance programs.
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 metric provides a comprehensive view of the economic well-being of Wisconsin residents, as it captures both their gross income and deductions for social programs like Social Security and Medicare. Economists and policymakers use this data to analyze trends in personal income and household financial health.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This economic indicator is relevant for understanding consumer spending power and the overall economic climate in Wisconsin.
Key Facts
- Wisconsin's net earnings were $289 billion in 2021.
- Net earnings per capita in Wisconsin were $49,800 in 2021.
- Wisconsin's net earnings have grown by an average of 4.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Wisconsin' series measures the total earnings of Wisconsin residents, including wages, salaries, and other compensation, minus contributions for government social insurance programs.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall financial well-being of Wisconsin residents, which is crucial for understanding consumer spending power and the broader economic climate in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze trends in personal income and household financial health, which can inform decisions about economic development, taxation, and social programs in Wisconsin.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 3 months. There may be revisions to previous estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Wisconsin (WIENET), retrieved from FRED.