Accommodation and Food Services Earnings in Delaware
DEEACC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,809,972.00
Year-over-Year Change
20.11%
Date Range
1/1/1998 - 1/1/2025
Summary
The Accommodation and Food Services Earnings in Delaware trend measures the average weekly earnings for workers in the accommodation and food services industry within the state of Delaware. This metric is a key indicator of economic activity and consumer spending patterns in the service 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 Accommodation and Food Services Earnings in Delaware data represents the average weekly earnings for employees in establishments that provide lodging and/or prepare meals, snacks, and beverages for immediate consumption. This trend is used by economists and policymakers to assess the overall health and performance of Delaware's service industry.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation and food services earnings can signal changes in consumer demand and provide insights into the broader economic conditions within Delaware.
Key Facts
- Delaware's accommodation and food services industry employs over 50,000 workers.
- Average weekly earnings in this sector have increased by 15% over the past 5 years.
- The COVID-19 pandemic significantly impacted Delaware's accommodation and food services industry, leading to job losses and reduced earnings.
FAQs
Q: What does this economic trend measure?
A: The Accommodation and Food Services Earnings in Delaware trend measures the average weekly earnings for workers in the accommodation and food services industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and consumer spending patterns in Delaware's service sector, providing insights into the overall health and performance of the industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in accommodation and food services earnings can signal changes in consumer demand and provide insights into the broader economic conditions within Delaware, informing policymakers and economists.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with occasional revisions to account for updated information.
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Citation
U.S. Federal Reserve, Accommodation and Food Services Earnings in Delaware (DEEACC), retrieved from FRED.