Professional and Technical Services Wages and Salaries in Wisconsin
WIWPRO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,724,307.00
Year-over-Year Change
23.10%
Date Range
1/1/1998 - 1/1/2025
Summary
The Professional and Technical Services Wages and Salaries in Wisconsin index measures changes in compensation for workers in professional and technical service industries in the state. This metric is important for understanding economic trends and informing policy decisions.
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 index tracks wages and salaries for workers in industries such as legal services, accounting, architecture, engineering, and scientific research. It provides insights into labor costs and productivity in Wisconsin's professional services sector.
Methodology
The data is collected through surveys of employers and calculated as an index with a base year of 2012.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness of Wisconsin's professional services industry.
Key Facts
- The index has a base year of 2012.
- It covers a range of professional and technical service industries.
- The data is collected through employer surveys.
FAQs
Q: What does this economic trend measure?
A: The Professional and Technical Services Wages and Salaries in Wisconsin index measures changes in compensation for workers in professional and technical service industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity in Wisconsin's professional services sector, which is important for understanding economic trends and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated as an index with a base year of 2012.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness of Wisconsin's professional services industry.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have some limitations in coverage or timeliness.
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Citation
U.S. Federal Reserve, Professional and Technical Services Wages and Salaries in Wisconsin (WIWPRO), retrieved from FRED.