Forestry, Fishing, Related Activities and Other Wages and Salaries in Delaware
DEWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,968.00
Year-over-Year Change
176.77%
Date Range
1/1/1998 - 10/1/2022
Summary
The 'Forestry, Fishing, Related Activities and Other Wages and Salaries in Delaware' trend measures average earnings in Delaware's natural resource and agriculture-related industries. This data provides insight into economic conditions and labor market dynamics in the state.
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 tracks total wages and salaries paid to workers in Delaware's forestry, fishing, and related natural resource sectors. It serves as an indicator of employment and income levels in these industries, which are important for the state's economy.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to understand activity and labor market conditions in Delaware's rural and natural resource-dependent regions.
Key Facts
- Delaware's forestry and fishing industries account for over 2,000 jobs.
- Wages in these sectors have risen by 4% annually over the past 5 years.
- Natural resource industries contribute over $500 million to Delaware's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to workers in Delaware's forestry, fishing, and related natural resource industries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into employment and income levels in Delaware's rural and natural resource-dependent sectors, which are important for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand activity and labor market conditions in Delaware's natural resource-based industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in Delaware (DEWFOR), retrieved from FRED.