Total Wages and Salaries in Wisconsin
WIWTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205,623,700.00
Year-over-Year Change
15.65%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Total Wages and Salaries in Wisconsin' metric tracks the total compensation paid to employees in the state. It's a key economic indicator that reflects labor market conditions and consumer spending power.
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 sum of all wages, salaries, commissions, bonuses, tips, and other compensation paid by employers to their employees located in the state of Wisconsin. It's used by economists and policymakers to assess the health of the state's economy.
Methodology
The data is collected through surveys of businesses and individuals by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in total wages and salaries can inform decisions around economic and fiscal policy at the state level.
Key Facts
- Wisconsin's total wages and salaries exceeded $250 billion in 2021.
- Wages and salaries account for over 50% of Wisconsin's gross state product.
- The manufacturing sector is the largest contributor to total wages in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: The 'Total Wages and Salaries in Wisconsin' metric tracks the total compensation paid to employees located in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and consumer spending power in Wisconsin, making it relevant for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and individuals by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in total wages and salaries can inform decisions around economic and fiscal policy at the state level, as it reflects the overall health and growth of Wisconsin's economy.
Q: Are there update delays or limitations?
A: There may be a delay of several months in the release of the latest data, as it is collected and processed by the government statistical agencies.
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Citation
U.S. Federal Reserve, Total Wages and Salaries in Wisconsin (WIWTOT), retrieved from FRED.