Construction Wages and Salaries in Wisconsin
WIWCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,099,833.00
Year-over-Year Change
24.12%
Date Range
1/1/1998 - 1/1/2025
Summary
The Construction Wages and Salaries in Wisconsin series tracks average hourly earnings for construction workers in the state, providing insight into labor costs and economic activity in the construction 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 data series measures the average hourly wages paid to workers in the construction industry across Wisconsin. It is an important indicator of labor market conditions, construction industry profitability, and overall economic health in the state.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Construction wages are closely watched by economists, policymakers, and industry participants to gauge regional construction activity and cost pressures.
Key Facts
- Wisconsin construction wages averaged $32.45 per hour in 2022.
- Wages have increased by 15% over the past 5 years.
- Construction is a major economic driver in Wisconsin, accounting for over 100,000 jobs.
FAQs
Q: What does this economic trend measure?
A: The Construction Wages and Salaries in Wisconsin series tracks the average hourly earnings of workers in the construction industry across the state.
Q: Why is this trend relevant for users or analysts?
A: Construction wages are an important indicator of labor market conditions, industry profitability, and overall economic activity in Wisconsin.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Construction wages are closely watched by economists, policymakers, and industry participants to gauge regional construction activity and cost pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Average Weekly Hours of All Employees: Leisure and Hospitality in Wisconsin
SMU55000007000000002A
Business Applications with Planned Wages: Total for All NAICS in Wisconsin
BAWBATOTALNSAWI
Personal Consumption Expenditures: Services for Wisconsin
WIPCESRV
Estimated Percent of People Age 0-17 in Poverty for Wisconsin
PPU18WI55000A156NCEN
Finance and Insurance Earnings in Wisconsin
WIEFIN
Coefficient for Industrial Carbon Dioxide Emissions, LPG (Fuel Use) for Wisconsin
EMISSCO2CHLICBWIA
Citation
U.S. Federal Reserve, Construction Wages and Salaries in Wisconsin (WIWCON), retrieved from FRED.