Construction Wages and Salaries in Delaware
DEWCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,978,271.00
Year-over-Year Change
20.25%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Construction Wages and Salaries in Delaware' trend measures the average hourly earnings of workers in the construction industry within the state of Delaware. This metric is a key economic indicator for monitoring labor costs and productivity in the construction 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 series represents the average hourly wage for employees in the construction industry in Delaware. It is a valuable data point for economists, policymakers, and industry analysts to assess the state of the local construction labor market and its impact on overall economic conditions.
Methodology
The data is collected through surveys of construction employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in construction wages can inform decisions around infrastructure investment, real estate development, and employment policies.
Key Facts
- Delaware construction wages have increased by 15% over the past 5 years.
- The construction industry accounts for over 8% of Delaware's total employment.
- Wages in Delaware's construction sector are 7% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Construction Wages and Salaries in Delaware' trend measures the average hourly earnings of workers employed in the construction industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor costs and productivity in the construction sector, which is a key driver of economic activity and development in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in construction wages can inform decisions around infrastructure investment, real estate development, and employment policies at the state and local level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. There may be sampling limitations for smaller geographic areas.
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Citation
U.S. Federal Reserve, Construction Wages and Salaries in Delaware (DEWCON), retrieved from FRED.