Nondurable Manufacturing Earnings in Wisconsin
WIENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,283,961.00
Year-over-Year Change
12.91%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Earnings in Wisconsin trend measures the average weekly earnings for workers in the nondurable manufacturing sector in the state of Wisconsin. This data is crucial for economists and policymakers to monitor the economic health and labor market conditions 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 Nondurable Manufacturing Earnings in Wisconsin metric provides insights into the compensation levels and earning power of workers in the state's nondurable goods manufacturing industry. This data point is widely used to assess employment conditions, wage growth, and cost-of-living trends in the regional economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of establishments in the nondurable manufacturing sector.
Historical Context
This economic indicator is closely watched by state and federal policymakers to inform decisions around employment, taxation, and economic development policies.
Key Facts
- Wisconsin is a major manufacturing hub in the Midwest.
- Nondurable goods account for over 30% of the state's total manufacturing output.
- Earnings in this sector have outpaced the national average over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Nondurable Manufacturing Earnings in Wisconsin trend measures the average weekly earnings for workers employed in the nondurable manufacturing sector within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the labor market conditions and economic health of Wisconsin's manufacturing industry, which is a crucial component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of establishments in the nondurable manufacturing sector within Wisconsin.
Q: How is this trend used in economic policy?
A: Policymakers at the state and federal level closely monitor this indicator to inform decisions around employment, taxation, and economic development policies that impact the manufacturing sector in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
Related Trends
U.S. Granted Patents: Reissue Patents Originating in Wisconsin
PATENTUSWIREISSUE
Housing Inventory: Active Listing Count in Wisconsin
ACTLISCOUWI
All Employees: Manufacturing: Non-Durable Goods: Plastics Product Manufacturing in Wisconsin
SMU55000003232610001SA
Total Wages and Salaries in Wisconsin
WIWTOT
Deposits in Noninsured Commercial Nonmember Banks in Wisconsin
X08TDCBNNWI
Real Gross Domestic Product: Real Estate (531) in Wisconsin
WIREALRGSP
Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Wisconsin (WIENON), retrieved from FRED.