All Employees: Private Service Providing in Wisconsin
SMU55000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,066.10
Year-over-Year Change
1.06%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of private service-providing employees in the state of Wisconsin. It provides valuable insights into the health and dynamics of the state's service sector, which is a crucial component of the overall economy.
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 All Employees: Private Service Providing in Wisconsin metric tracks the employment levels across various service-based industries in the state, including trade, transportation, utilities, information, financial activities, professional and business services, education, and healthcare. This data is widely used by economists, policymakers, and businesses to assess the state's economic performance and make informed decisions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments in Wisconsin.
Historical Context
This trend is closely monitored by state and federal policymakers to gauge the strength of the Wisconsin economy and inform policy decisions.
Key Facts
- Wisconsin's private service sector accounts for over 70% of total nonfarm employment.
- The service sector has been a key driver of economic growth in Wisconsin in recent years.
- Trends in private service-providing employment are closely watched for signs of economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private service-providing employees in the state of Wisconsin, covering industries such as trade, transportation, utilities, information, financial activities, and healthcare.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and performance of Wisconsin's service sector, which is a crucial component of the state's overall economy. It is closely monitored by policymakers, economists, and businesses to assess economic conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments in Wisconsin.
Q: How is this trend used in economic policy?
A: This trend is closely watched by state and federal policymakers to gauge the strength of the Wisconsin economy and inform policy decisions related to economic development, workforce planning, and public investment.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and there may be minor revisions to previous months' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Wisconsin (SMU55000000800000001), retrieved from FRED.