Proprietors' Nonfarm Income in Wisconsin
WIONON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,459.60
Year-over-Year Change
13.99%
Date Range
1/1/1948 - 1/1/2025
Summary
Proprietors' Nonfarm Income in Wisconsin measures the total income earned by self-employed individuals in non-agricultural industries within the state. It provides insights into the economic well-being of small businesses and independent contractors.
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
Proprietors' Nonfarm Income is a key metric for evaluating the health and dynamism of the non-farm private sector in a regional economy. It tracks the earnings of sole proprietors, independent contractors, and other self-employed individuals, offering a complementary perspective to traditional measures of wage employment.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This metric is closely watched by policymakers and economists to assess the state of entrepreneurship and small business activity.
Key Facts
- Proprietors' Nonfarm Income in Wisconsin was $78.8 billion in 2021.
- The sector has seen steady growth over the past decade, increasing by 31% since 2012.
- Wisconsin's Proprietors' Nonfarm Income accounts for about 3% of the national total.
FAQs
Q: What does this economic trend measure?
A: Proprietors' Nonfarm Income in Wisconsin measures the total income earned by self-employed individuals in non-agricultural industries within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and dynamism of the non-farm private sector in Wisconsin, offering a complementary perspective to traditional measures of wage employment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Proprietors' Nonfarm Income is closely watched by policymakers and economists to assess the state of entrepreneurship and small business activity in Wisconsin.
Q: Are there update delays or limitations?
A: The data is released with a lag, but there are no major limitations in its coverage or reliability.
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Citation
U.S. Federal Reserve, Proprietors' Nonfarm Income in Wisconsin (WIONON), retrieved from FRED.