Average Weekly Earnings of Production Employees: Manufacturing in Wisconsin
SMU55000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,071.33
Year-over-Year Change
5.93%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Wisconsin measures the average weekly earnings of manufacturing production workers in the state. This metric provides insight into wage trends and labor costs within Wisconsin's manufacturing sector.
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 represents the average weekly earnings, including overtime pay, for production and non-supervisory employees in the manufacturing industry in Wisconsin. It is a key statistic for analyzing employment dynamics, labor market conditions, and the competitive position of Wisconsin manufacturers.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and businesses to assess the health and competitiveness of Wisconsin's manufacturing industry.
Key Facts
- Manufacturing accounts for over 16% of Wisconsin's GDP.
- Wisconsin ranks 3rd nationally in total manufacturing employment.
- The state's manufacturing workers earn 17% above the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average weekly earnings, including overtime pay, for production and non-supervisory employees in the manufacturing industry in Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage trends and labor costs within Wisconsin's manufacturing sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers, economists, and businesses to assess the health and competitiveness of Wisconsin's manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Wisconsin (SMU55000003000000030), retrieved from FRED.