Construction Earnings in Delaware
DEECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,230,728.00
Year-over-Year Change
16.99%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Construction Earnings in Delaware' trend measures the average weekly earnings of workers in the construction industry in the state of Delaware. This metric provides insight into the economic conditions and labor dynamics within the local construction 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
This series tracks the average weekly earnings for employees in the construction industry in Delaware. The data is used by economists, policymakers, and industry analysts to assess the health and competitiveness of the state's construction labor market.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in construction earnings can inform decisions around infrastructure investment, housing policy, and economic development initiatives.
Key Facts
- Construction is a major industry in Delaware, accounting for over 20,000 jobs.
- Average weekly construction earnings in Delaware have risen by 15% over the past 5 years.
- The construction sector pays among the highest average wages in Delaware's private industry.
FAQs
Q: What does this economic trend measure?
A: The 'Construction Earnings in Delaware' trend measures the average weekly earnings of workers employed in the construction industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the economic health and labor dynamics of Delaware's construction sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in construction earnings can inform decisions around infrastructure investment, housing policy, and economic development initiatives in Delaware.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions based on additional reporting.
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Citation
U.S. Federal Reserve, Construction Earnings in Delaware (DEECON), retrieved from FRED.