Wholesale Trade Wages and Salaries in Wisconsin
WIWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,621,032.00
Year-over-Year Change
15.38%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Wisconsin series measures the total wages and salaries paid to workers in the wholesale trade industry within the state of Wisconsin. This data is an important indicator of economic activity and labor market conditions in the wholesale 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 Wholesale Trade Wages and Salaries in Wisconsin metric represents the total compensation, including base pay and bonuses, received by employees working in wholesale trade companies located in Wisconsin. This data can provide insights into trends in hiring, productivity, and cost pressures within the state's wholesale industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this series to assess the health and outlook of Wisconsin's wholesale trade sector and its contribution to the state's overall economic performance.
Key Facts
- The wholesale trade industry accounts for over 4% of Wisconsin's GDP.
- Wages in the wholesale sector are typically higher than the state's average private-sector wage.
- Wholesale trade employment in Wisconsin has grown by 7% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Wisconsin series measures the total compensation, including base pay and bonuses, received by employees working in wholesale trade companies located in the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and outlook of Wisconsin's wholesale trade sector, which is an important contributor to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess the strength of the wholesale trade industry and its impact on Wisconsin's labor market and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Wisconsin (WIWWHO), retrieved from FRED.