Other Labor Income in Wisconsin
WIOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,332.20
Year-over-Year Change
18.38%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Other Labor Income in Wisconsin' trend measures income from sources such as employer contributions to employee pension and insurance funds in the state of Wisconsin. This data provides insights into the broader labor market and compensation structure.
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 represents other labor income, which includes employer contributions to employee pension and insurance funds, as well as other labor income, for the state of Wisconsin. It is an important indicator of the overall compensation environment and labor market dynamics in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts program.
Historical Context
This metric is closely watched by policymakers and economists to understand trends in employee benefits and total compensation in Wisconsin.
Key Facts
- Other labor income accounts for about 10% of total personal income in Wisconsin.
- This metric has grown by an average of 3.5% annually over the past decade.
- Trends in other labor income can signal changes in the competitiveness of Wisconsin's job market.
FAQs
Q: What does this economic trend measure?
A: The 'Other Labor Income in Wisconsin' metric measures income from sources such as employer contributions to employee pension and insurance funds in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the broader labor market and compensation structure in Wisconsin, which is important for understanding economic conditions and policy implications in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts program.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers and economists to understand trends in employee benefits and total compensation in Wisconsin, which can inform decisions around economic development, taxation, and labor regulations.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Other Labor Income in Wisconsin (WIOOTH), retrieved from FRED.