Finance and Insurance Earnings in Delaware
DEEFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,194,802.00
Year-over-Year Change
16.48%
Date Range
1/1/1998 - 1/1/2025
Summary
The Finance and Insurance Earnings in Delaware metric tracks average weekly earnings in the finance and insurance industry within the state of Delaware. This data provides insight into the economic health and competitiveness of Delaware's financial 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 measures the average weekly earnings of employees in Delaware's finance and insurance industry, which is a key component of the state's economy. It offers an indicator of trends in compensation and labor market conditions for this important economic sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Finance and insurance earnings data is used by policymakers, analysts, and businesses to monitor the performance and competitiveness of Delaware's financial industry.
Key Facts
- Delaware's finance and insurance sector accounts for over 25% of the state's GDP.
- Average weekly earnings in this industry are over 50% higher than the statewide average.
- Finance and insurance is the largest private-sector employer in Delaware.
FAQs
Q: What does this economic trend measure?
A: The Finance and Insurance Earnings in Delaware metric measures the average weekly earnings of employees in Delaware's finance and insurance industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic health and competitiveness of Delaware's important financial 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 by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Finance and insurance earnings data is used by policymakers, analysts, and businesses to monitor the performance and competitiveness of Delaware's financial industry.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Finance and Insurance Earnings in Delaware (DEEFIN), retrieved from FRED.