Administrative and Waste Services Earnings in Wisconsin
WIEADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,222,168.00
Year-over-Year Change
9.71%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Earnings in Wisconsin measure the average weekly earnings in this sector, providing insights into the economic health and 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 data series tracks the average weekly earnings of workers in the administrative and waste services industry in Wisconsin. It is an important indicator of economic activity and labor market dynamics, as it reflects changes in wages, hours worked, and overall employment trends within this key service sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in Wisconsin.
Historical Context
This metric is used by policymakers, economists, and businesses to assess the economic performance and labor market conditions in Wisconsin.
Key Facts
- The average weekly earnings in Wisconsin's administrative and waste services sector were $785 as of the latest data.
- This industry accounts for over 200,000 jobs in the state, or approximately 7% of total employment.
- Earnings in this sector have grown by 15% over the past five years, outpacing the overall state average.
FAQs
Q: What does this economic trend measure?
A: The Administrative and Waste Services Earnings in Wisconsin measure the average weekly earnings of workers in this industry sector within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and labor market conditions in a key service industry in Wisconsin, which is important for policymakers, businesses, and economists analyzing the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in Wisconsin.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and businesses to assess the economic performance and labor market conditions in Wisconsin, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay in reporting.
Related Trends
Gross Domestic Product: Professional and Business Services (54, 55, 56) in Wisconsin
WIPROBUSNGSP
Gross Domestic Product: Mining (Except Oil and Gas) (212) in Wisconsin
WIMINEXOILGASNGSP
Chain-Type Quantity Index for Real GDP: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Wisconsin
WIPRFRMSPRTMSMQGSP
Regional Price Parities: All Items: Nonmetropolitan Portion for Wisconsin
WINMPRPPALL
Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Wisconsin
WITRANSUTILQGSP
Per Capita Personal Consumption Expenditures: Goods for Wisconsin
WIPCEPCG
Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in Wisconsin (WIEADM), retrieved from FRED.