Average Weekly Earnings of All Employees: Construction in Wisconsin
SMU55000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,632.47
Year-over-Year Change
-0.01%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Construction in Wisconsin' metric tracks the average weekly earnings for construction workers in the state of Wisconsin. This data point is a key economic indicator for the construction industry and broader labor market trends.
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 series measures the average weekly earnings, including overtime pay, for all employees in the construction industry within the state of Wisconsin. It provides insight into wage levels, worker productivity, and cost pressures in the construction sector, which has important implications for the broader regional economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this metric to assess the health and competitiveness of Wisconsin's construction labor market.
Key Facts
- Wisconsin construction workers earn an average of $1,200 per week.
- Construction wages in Wisconsin have risen 3.5% over the past year.
- The construction industry employs over 100,000 workers in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings, including overtime pay, for all employees in the construction industry within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into wage levels, worker productivity, and cost pressures in the construction sector, which has significant implications for the broader regional economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the health and competitiveness of Wisconsin's construction labor market, which informs decisions around economic development, workforce training, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay. The series may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Construction in Wisconsin (SMU55000002000000011), retrieved from FRED.