Average Hourly Earnings of All Employees: Leisure and Hospitality in Wisconsin
SMU55000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.24
Year-over-Year Change
4.89%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Leisure and Hospitality in Wisconsin measures the average hourly pay for workers in the leisure and hospitality industry in Wisconsin. This metric is a key economic indicator for policymakers and analysts assessing the state's labor market and consumer spending 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 data series tracks the average hourly wages for all employees in Wisconsin's leisure and hospitality sector, which includes industries like hotels, restaurants, arts, entertainment, and recreation. It provides insight into employment compensation and cost-of-living pressures for a major service-providing industry in the state.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average hourly earnings are monitored by policymakers, economists, and businesses to understand consumer purchasing power and inform decisions around employment, wages, and prices.
Key Facts
- Wisconsin's leisure and hospitality sector employs over 300,000 workers.
- Hourly wages in this industry are typically lower than the statewide average.
- Earnings have risen by 15% in the past 5 years, outpacing inflation.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average hourly wages paid to all employees in Wisconsin's leisure and hospitality sector, including industries like hotels, restaurants, arts, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: Trends in average hourly earnings for leisure and hospitality workers provide insight into employment compensation, consumer purchasing power, and cost-of-living pressures in a major service-providing industry in Wisconsin.
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: Policymakers, economists, and businesses monitor changes in average hourly earnings to understand consumer spending patterns and inform decisions around employment, wages, and prices.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions based on additional reporting.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Leisure and Hospitality in Wisconsin (SMU55000007000000003), retrieved from FRED.