Durable Manufacturing Earnings in Wisconsin
WIEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,085,613.00
Year-over-Year Change
5.69%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Earnings in Wisconsin measures the average hourly earnings of production and nonsupervisory employees in the state's durable goods manufacturing sector. This metric provides insight into the economic health and competitiveness of Wisconsin's manufacturing industry.
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 hourly earnings of employees in Wisconsin's durable goods manufacturing sector, which includes industries like machinery, transportation equipment, and computer and electronic product manufacturing. Economists and policymakers analyze this data to understand trends in labor costs and productivity.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Trends in durable manufacturing earnings can inform decisions around economic development, labor policy, and industrial competitiveness.
Key Facts
- Wisconsin is a top manufacturing state, accounting for over 16% of the state's GDP.
- Durable goods account for about 60% of total manufacturing output in Wisconsin.
- Manufacturing wages in Wisconsin are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Earnings in Wisconsin metric measures the average hourly earnings of production and nonsupervisory employees in the state's durable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic health and competitiveness of Wisconsin's manufacturing industry, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Trends in durable manufacturing earnings can inform decisions around economic development, labor policy, and industrial competitiveness in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
Related Trends
All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Wisconsin
SMU55000003133600001SA
Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Wisconsin
WIMISCMANQGSP
Implicit Regional Price Deflator: Nonmetropolitan Portion for Wisconsin
WINMPIRPD
Value of Exports to Finland from Wisconsin
WIFINA052SCEN
Wholesale Trade Wages and Salaries in Wisconsin
WIWWHO
Business Applications with Planned Wages: Total for All NAICS in Wisconsin
BAWBATOTALNSAWI
Citation
U.S. Federal Reserve, Durable Manufacturing Earnings in Wisconsin (WIEDUR), retrieved from FRED.