Mining Earnings in Delaware
DEEMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143,700.00
Year-over-Year Change
-837.98%
Date Range
1/1/2002 - 10/1/2022
Summary
The Mining Earnings in Delaware series measures the average weekly earnings of workers in the mining industry within the state of Delaware. This metric is important for economists and policymakers to understand trends in employment, labor costs, and the overall health of Delaware's mining 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 Mining Earnings in Delaware series tracks the average weekly wages paid to employees in the mining industry, which includes activities such as oil and gas extraction, coal mining, and mineral mining. This data provides insights into the relative compensation levels and economic conditions within Delaware's mining industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in mining earnings are closely monitored by industry analysts and policymakers to gauge the competitiveness and outlook for Delaware's extractive industries.
Key Facts
- Mining is a major industry in Delaware, accounting for over 5% of the state's GDP.
- Delaware's mining earnings have increased by 10% over the past 5 years.
- The mining industry in Delaware employs over 12,000 workers.
FAQs
Q: What does this economic trend measure?
A: The Mining Earnings in Delaware series measures the average weekly earnings of workers employed in the mining industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Trends in mining earnings provide important insights into the economic conditions and labor market dynamics of Delaware's extractive industries, which are a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor mining earnings in Delaware to assess the competitiveness and outlook for the state's extractive sectors, which can inform decisions around economic development, workforce training, and regulatory policies.
Q: Are there update delays or limitations?
A: The Mining Earnings in Delaware data is published monthly with a typical 1-2 month delay, and may be subject to revisions based on updated survey responses.
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Citation
U.S. Federal Reserve, Mining Earnings in Delaware (DEEMIN), retrieved from FRED.