Nondurable Manufacturing Earnings in Delaware
DEENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,873,256.00
Year-over-Year Change
24.60%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Nondurable Manufacturing Earnings in Delaware' trend measures the average weekly earnings of nondurable manufacturing workers in the state of Delaware. This metric is important for understanding the economic conditions and competitiveness of Delaware's manufacturing 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 data series tracks the average weekly earnings of production and nonsupervisory employees in nondurable goods manufacturing industries located in Delaware. Nondurable goods include products that have a short life and are consumed quickly, such as food, beverages, and textiles. The trend provides insight into the labor costs and competitiveness of Delaware's manufacturing industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the economic health and labor market conditions in Delaware's manufacturing sector.
Key Facts
- Delaware's nondurable manufacturing earnings averaged $821 per week in 2022.
- Nondurable manufacturing accounts for around 10% of Delaware's total employment.
- Earnings in this sector have grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'Nondurable Manufacturing Earnings in Delaware' trend measures the average weekly earnings of production and nonsupervisory employees in nondurable goods manufacturing industries located in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor costs and competitiveness of Delaware's manufacturing industry, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the economic health and labor market conditions in Delaware's manufacturing sector, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Delaware (DEENON), retrieved from FRED.