Finance and Insurance Wages and Salaries in Delaware
DEWFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,964,108.00
Year-over-Year Change
15.70%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Finance and Insurance Wages and Salaries in Delaware' trend measures the total wages and salaries earned by workers in the finance and insurance industry within the state of Delaware. This data provides valuable insights into the economic activity and labor market conditions 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
This data series tracks the total compensation, including wages and salaries, paid to employees in the finance and insurance industry located in Delaware. It is a key indicator of the economic health and growth of this vital industry within the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the finance and insurance sector.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the performance and outlook of Delaware's financial services industry.
Key Facts
- Delaware's finance and insurance sector accounts for over 20% of the state's GDP.
- Wages and salaries in this industry grew by 5.2% in Delaware last year.
- The finance and insurance sector is the largest private employer in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries earned by workers employed in the finance and insurance industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the economic health and growth of Delaware's vital finance and insurance sector, which is a major driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the finance and insurance industry.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to gauge the performance and outlook of Delaware's financial services industry, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a lag of several months between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Finance and Insurance Wages and Salaries in Delaware (DEWFIN), retrieved from FRED.