Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Wisconsin
SMU55000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
952.15
Year-over-Year Change
49.49%
Date Range
1/1/2007 - 1/1/2024
Summary
This trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Wisconsin. It is an important indicator of economic conditions and workforce compensation in this key industry.
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 Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Wisconsin measures the average earnings per week for all employees in this sector, which includes wholesale trade, retail trade, transportation and warehousing, and utilities. It provides insight into compensation trends and workforce productivity for a vital component of the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and industry analysts to gauge the economic health and spending power of Wisconsin's workforce.
Key Facts
- Wisconsin's trade, transportation, and utilities sector employs over 600,000 workers.
- Average weekly earnings in this sector have risen by 15% over the past decade.
- The trade, transportation, and utilities industry accounts for nearly 20% of Wisconsin's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings for all employees in Wisconsin's trade, transportation, and utilities sector, providing insight into compensation levels and workforce productivity in these key industries.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic conditions and spending power for a vital component of Wisconsin's economy, making it closely watched by policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to gauge the health and spending power of Wisconsin's workforce, informing decisions related to economic policy, investment, and workforce development.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of several weeks, and may be subject to revisions as more information becomes available.
Related Trends
Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Wisconsin
WIPCEVEH
All Employees: Leisure and Hospitality: Food Services and Drinking Places in Wisconsin
SMU55000007072200001SA
Estimate of People Age 0-17 in Poverty in Wisconsin
PEU18WI55000A647NCEN
Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Wisconsin
WIPCEPCGAS
Real Gross Domestic Product: Primary Metal Manufacturing (331) in Wisconsin
WIPRIMETMANRGSP
Residential Carbon Dioxide Emissions, Natural Gas (Pipeline) for Wisconsin
EMISSCO2VNGRCBWIA
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Wisconsin (SMU55000004000000011A), retrieved from FRED.