Average Weekly Earnings of All Employees: Professional and Business Services in Wisconsin
SMU55000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,315.86
Year-over-Year Change
4.78%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Professional and Business Services in Wisconsin' trend measures the average weekly earnings for workers in the professional and business services sector in Wisconsin. This data point is a key economic indicator for policymakers and analysts tracking labor market conditions 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 series represents the average weekly earnings for all employees in the professional and business services industry in Wisconsin. It is a useful metric for understanding trends in labor costs and compensation within this important service sector, which includes fields like legal, accounting, management, and scientific/technical services.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this trend to gauge the strength of the professional services job market and broader economic conditions in Wisconsin.
Key Facts
- Trend started being tracked in 1990.
- Wisconsin's professional services sector employs over 300,000 workers.
- Average weekly earnings in this sector are over $1,200.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings for all employees in the professional and business services industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data point is a key indicator of labor market conditions and compensation trends in an important service sector of the Wisconsin economy.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the strength of the professional services job market and broader economic conditions in Wisconsin.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in Wisconsin (SMU55000006000000011), retrieved from FRED.