All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Wisconsin
SMU55000008081300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.50
Year-over-Year Change
4.19%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in religious, grantmaking, civic, professional, and similar organizations located in the state of Wisconsin. It provides insights into the size and dynamics of this important service sector within the state's economy.
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 All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Wisconsin data series tracks the total number of employees in organizations that provide a wide range of services to the public, including religious, philanthropic, advocacy, and professional activities. This metric is used by economists and policymakers to monitor the health and growth of this significant component of Wisconsin's service industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this sector offer insights into Wisconsin's nonprofit, advocacy, and professional service landscape, which can inform policy decisions and economic development strategies.
Key Facts
- Wisconsin has over 31,000 employees in religious, grantmaking, civic, and professional organizations.
- This sector accounts for approximately 1.2% of total nonfarm employment in the state.
- Employment in this industry has grown by 7.3% over the past 5 years in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in religious, grantmaking, civic, professional, and similar organizations located in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and dynamics of an important service sector within Wisconsin's economy, which can inform economic development strategies and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this sector can offer insights into Wisconsin's nonprofit, advocacy, and professional service landscape, which can inform policy decisions and economic development strategies.
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 revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Wisconsin (SMU55000008081300001A), retrieved from FRED.