Administrative and Waste Services Wages and Salaries in Delaware
DEWADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,739,965.00
Year-over-Year Change
4.09%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Wages and Salaries in Delaware series measures the average wages and salaries for workers in the administrative and waste services industry in the state of Delaware. This trend is a key indicator of economic activity and labor market conditions in this important service 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 hourly or weekly earnings of employees in establishments that provide a variety of day-to-day administrative and operational support services, such as office administration, facilities support, waste disposal, and employment services. It serves as a barometer for the strength of the administrative and support services industry in Delaware.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to assess the health of the Delaware service economy and labor market.
Key Facts
- Delaware's administrative and waste services industry employs over 40,000 workers.
- Wages in this sector have risen by 15% over the past 5 years.
- The administrative and waste services industry accounts for 8% of Delaware's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average wages and salaries paid to workers in the administrative and waste services industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and performance of an important service sector in the Delaware economy, which is closely watched by economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health of the Delaware service economy and inform decisions on economic and workforce development policies.
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, Administrative and Waste Services Wages and Salaries in Delaware (DEWADM), retrieved from FRED.