Average Hourly Earnings of All Employees: Private Service Providing in Wisconsin
SMU55000000800000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.30
Year-over-Year Change
1.65%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Private Service Providing in Wisconsin tracks changes in the hourly wage for private service-providing workers 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
This economic indicator provides insight into the labor market and cost of living trends for private sector service jobs in Wisconsin. Economists and policymakers use this data to assess the financial well-being of workers and the overall health of the state's economy.
Methodology
The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform decisions around employment, minimum wage, and fiscal and monetary policy.
Key Facts
- Wisconsin's private service sector employs over 1.5 million workers.
- Hourly earnings in this sector have increased by 25% over the past decade.
- Service jobs account for over 70% of Wisconsin's total private employment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly wage for private sector service industry workers in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: The average hourly earnings in Wisconsin's private service sector provide important insights into the state's labor market and cost of living conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around employment, minimum wage, and fiscal and monetary policy in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month release lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Private Service Providing in Wisconsin (SMU55000000800000003), retrieved from FRED.