Durable Manufacturing Wages and Salaries in Delaware
DEWDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
739,418.00
Year-over-Year Change
7.37%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Durable Manufacturing Wages and Salaries in Delaware' series measures the average weekly wages and salaries of workers in the durable manufacturing sector in the state of Delaware. This data provides insights into employment and labor costs within this important 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
This economic indicator tracks the average weekly earnings of workers in Delaware's durable manufacturing industries, which produce long-lasting goods like machinery, electronics, and transportation equipment. The data is a key measure of labor market conditions and production costs in this sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to monitor the economic health of Delaware's manufacturing base and its competitiveness.
Key Facts
- Delaware's durable manufacturing wages averaged $1,359 per week in 2022.
- Wages in this sector have risen by 15% over the past 5 years.
- Durable manufacturing accounts for over 30,000 jobs in Delaware.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly wages and salaries of workers employed in Delaware's durable manufacturing industries, which produce long-lasting goods like machinery, electronics, and transportation equipment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor costs and employment conditions in a key sector of Delaware's economy, helping policymakers and businesses assess the state's manufacturing competitiveness.
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: Analysts and policymakers use this metric to monitor the health of Delaware's manufacturing base and inform decisions around economic development, workforce training, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Durable Manufacturing Wages and Salaries in Delaware (DEWDUR), retrieved from FRED.