Other Services (Except Public Administration) Wages and Salaries in Wisconsin
WIWOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,484,115.00
Year-over-Year Change
22.19%
Date Range
1/1/1998 - 1/1/2025
Summary
The Other Services (Except Public Administration) Wages and Salaries in Wisconsin measures the total wages and salaries paid to workers in the 'other services' sector, excluding public administration, within the state of Wisconsin. This data provides insights into employment and income trends in the service industry.
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 Other Services (Except Public Administration) Wages and Salaries in Wisconsin is a key economic indicator that tracks the total compensation paid to workers in a diverse range of service-based industries, such as repair, personal, and religious organizations. This data is used by economists and policymakers to assess the overall health and growth of the state's service sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is closely monitored by state and local officials to gauge the strength of the Wisconsin economy and inform policy decisions.
Key Facts
- Wisconsin's other services sector accounts for over 10% of the state's total employment.
- Wages and salaries in the other services sector have grown by 4% annually on average over the past decade.
- The other services sector is the third-largest employer in Wisconsin, after manufacturing and healthcare.
FAQs
Q: What does this economic trend measure?
A: The Other Services (Except Public Administration) Wages and Salaries in Wisconsin measures the total compensation paid to workers in a variety of service-based industries within the state, excluding the public sector.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the strength and growth of Wisconsin's service-based economy, which is a key driver of employment and income 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: State and local officials closely monitor this trend to assess the overall health of the Wisconsin economy and inform policy decisions related to the service sector.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Other Services (Except Public Administration) Wages and Salaries in Wisconsin (WIWOTH), retrieved from FRED.