All Employees: Social Assistance in Wisconsin
SMU55000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.60
Year-over-Year Change
51.08%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'All Employees: Social Assistance in Wisconsin' trend measures the total number of employees in the social assistance industry within the state of Wisconsin. This metric is important for economists and policymakers to understand the state's labor market dynamics and social service capacity.
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 total employment in the social assistance sector in Wisconsin, which includes a range of non-profit and for-profit organizations providing services such as individual and family services, community food and housing, and vocational rehabilitation.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring employment in the social assistance industry helps inform state and local policies related to social service funding and delivery.
Key Facts
- Wisconsin's social assistance sector employs over 100,000 workers.
- Employment in this industry has grown steadily over the past decade.
- Social assistance accounts for over 3% of total non-farm employment in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the social assistance industry within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in the social assistance sector is important for understanding Wisconsin's labor market dynamics and the capacity of its social service infrastructure.
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: Monitoring employment in the social assistance industry helps inform state and local policies related to social service funding and delivery.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in Wisconsin (SMU55000006562400001A), retrieved from FRED.