Arts, Entertainment and Recreation Wages and Salaries in Delaware
DEWART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
355,704.00
Year-over-Year Change
27.41%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the average wages and salaries in the arts, entertainment, and recreation industry in Delaware. It provides insights into compensation levels and labor market dynamics in this important 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 Arts, Entertainment and Recreation Wages and Salaries in Delaware series tracks the average hourly and weekly earnings of workers in this industry within the state. It serves as a key indicator of economic activity and employment conditions in Delaware's creative and leisure sectors.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, businesses, and economic analysts to assess the strength of Delaware's tourism and entertainment industries.
Key Facts
- Delaware's arts and entertainment wages averaged $19.47 per hour in 2022.
- This sector employs over 25,000 workers in the state.
- Wages in this industry have grown 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly and weekly wages paid to workers in the arts, entertainment, and recreation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into compensation levels and labor market dynamics in Delaware's creative and leisure sectors, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and economic analysts closely monitor this metric to assess the strength of Delaware's tourism and entertainment industries and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Wages and Salaries in Delaware (DEWART), retrieved from FRED.