Mining Earnings in Wisconsin
WIEMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
464,115.00
Year-over-Year Change
68.44%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Mining Earnings in Wisconsin' trend measures the average weekly earnings of workers in the mining industry within the state of Wisconsin. This data provides insights into economic conditions and labor market dynamics in Wisconsin's mining sector.
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 'Mining Earnings in Wisconsin' series tracks the average weekly earnings of employees in the mining industry, which includes the extraction of naturally occurring mineral solids, such as coal and ores, liquid minerals, such as crude petroleum, and gases, such as natural gas. This data is used by economists and policymakers to analyze trends in employment and labor costs within Wisconsin's mining industry.
Methodology
The data is collected and published by the U.S. Bureau of Labor Statistics through the Quarterly Census of Employment and Wages program.
Historical Context
The mining earnings trend is relevant for understanding the economic health and competitiveness of Wisconsin's mining sector, which can inform policy decisions and investment strategies.
Key Facts
- Wisconsin's mining industry employs over 10,000 workers.
- Mining earnings in Wisconsin are typically higher than the state's average weekly wage.
- The mining earnings trend has shown moderate growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Mining Earnings in Wisconsin' trend measures the average weekly earnings of workers employed in the mining industry within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic conditions and labor market dynamics of Wisconsin's mining sector, which is an important industry for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Labor Statistics through the Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: The mining earnings trend can inform policy decisions and investment strategies related to the competitiveness and economic health of Wisconsin's mining industry.
Q: Are there update delays or limitations?
A: The mining earnings data is published on a quarterly basis, so there may be a delay of several months between the end of a quarter and the release of the latest data.
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Citation
U.S. Federal Reserve, Mining Earnings in Wisconsin (WIEMIN), retrieved from FRED.