Net Earnings by Place of Residence in Delaware
DEENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,369,603.00
Year-over-Year Change
20.91%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Delaware' metric measures the total wages and salaries earned by Delaware residents, regardless of their work location. This data provides insights into the economic well-being and purchasing power of the state's population.
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 'Net Earnings by Place of Residence in Delaware' statistic represents the aggregate earnings of Delaware residents from various sources, including wages, salaries, tips, and other forms of compensation. This metric is a key indicator of the overall economic health and living standards within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
This economic trend is widely used by policymakers, economists, and market analysts to assess the financial state of Delaware's households and guide economic policy decisions.
Key Facts
- Delaware's net earnings reached $58.3 billion in 2021.
- Earnings have grown by 4.2% annually over the past decade.
- The services sector accounts for the largest share of net earnings in Delaware.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Delaware' metric measures the total wages, salaries, and other compensation earned by Delaware residents, regardless of their work location.
Q: Why is this trend relevant for users or analysts?
A: This economic indicator provides insights into the financial well-being and purchasing power of Delaware's population, which is crucial for understanding the state's overall economic performance and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this metric to assess the financial state of Delaware's households and guide economic policy decisions, such as tax policies, infrastructure investments, and workforce development programs.
Q: Are there update delays or limitations?
A: The 'Net Earnings by Place of Residence in Delaware' data is typically released by the U.S. Bureau of Economic Analysis on a quarterly basis, with a few months' delay. While comprehensive, the data may not capture all forms of compensation or informal economic activity.
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Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Delaware (DEENET), retrieved from FRED.