Health Care and Social Assistance Earnings in Wisconsin
WIEHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,789,150.00
Year-over-Year Change
15.38%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the average weekly earnings in the health care and social assistance sector in Wisconsin. It provides insights into the economic conditions and labor market dynamics within this important 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
The Health Care and Social Assistance Earnings in Wisconsin metric tracks the average weekly earnings of workers in the healthcare and social assistance industry in the state. This data point is used by economists and policymakers to analyze industry-specific wage trends and labor market conditions.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding the economic performance and labor market dynamics in Wisconsin's healthcare sector, which is a major employer and driver of economic activity in the state.
Key Facts
- Wisconsin's healthcare and social assistance sector employs over 450,000 workers.
- Average weekly earnings in this sector are $1,013 as of the latest data.
- The healthcare industry accounts for over 15% of Wisconsin's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers in the healthcare and social assistance industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic conditions and labor market dynamics within Wisconsin's important healthcare sector, which is a major employer and driver of economic activity in the state.
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: This trend is used by economists and policymakers to analyze industry-specific wage trends and labor market conditions in Wisconsin, which can inform economic development, workforce, and healthcare policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a lag of several weeks between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Earnings in Wisconsin (WIEHEA), retrieved from FRED.