Average Hourly Earnings of Production Employees: Manufacturing in Wisconsin
SMU55000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.47
Year-over-Year Change
4.57%
Date Range
1/1/2005 - 7/1/2025
Summary
The Average Hourly Earnings of Production Employees: Manufacturing in Wisconsin measures the average hourly wage for manufacturing production workers in the state. This key economic indicator provides insight into labor costs and productivity 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 series tracks the average hourly earnings of production employees in the manufacturing sector of Wisconsin. It is a useful metric for assessing the state's economic conditions, as changes in manufacturing wages can reflect broader trends in employment, inflation, and worker productivity.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to understand labor market dynamics and guide economic and workforce development strategies.
Key Facts
- Wisconsin manufacturing employs over 450,000 workers.
- The state's manufacturing sector accounts for 19% of its GDP.
- Average hourly earnings in Wisconsin manufacturing have risen by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly wage for production employees working in the manufacturing sector of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Changes in manufacturing wages can provide insight into broader labor market conditions, productivity, and inflationary pressures in the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to guide decisions around workforce development, labor regulations, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing in Wisconsin (SMU55000003000000008), retrieved from FRED.