Other Services (except Public Administration) Earnings in Delaware
DEEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,474,679.00
Year-over-Year Change
18.48%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (except Public Administration) Earnings in Delaware' trend measures average weekly earnings for workers in the 'Other Services' sector in Delaware. This provides insight into economic conditions and wage growth in a key service industry.
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 'Other Services' sector includes a diverse range of businesses not classified elsewhere, such as personal services, repair and maintenance, and religious organizations. Tracking earnings in this sector helps economists and policymakers understand the broader service economy in Delaware.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Earnings trends in the 'Other Services' sector are monitored as an indicator of consumer demand and labor market conditions.
Key Facts
- Delaware's 'Other Services' sector accounts for over 4% of total employment.
- Earnings in this sector have risen by 15% over the past 5 years.
- The 'Other Services' industry is more labor-intensive compared to manufacturing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings for workers in the 'Other Services' sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Tracking earnings in the 'Other Services' sector provides insight into the broader service economy and consumer demand in Delaware.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Earnings trends in the 'Other Services' sector are monitored as an indicator of labor market conditions and consumer demand.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Delaware (DEEOTH), retrieved from FRED.