Health Care and Social Assistance Wages and Salaries in Delaware
DEWHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,849,784.00
Year-over-Year Change
26.08%
Date Range
1/1/1998 - 1/1/2025
Summary
The Health Care and Social Assistance Wages and Salaries in Delaware trend measures the total payroll paid to employees in the health care and social assistance sector in the state of Delaware. This metric is an important indicator of economic activity and labor market conditions in a key service 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
The Health Care and Social Assistance Wages and Salaries in Delaware series tracks the total compensation paid to workers in health care and social assistance establishments located in Delaware. It is a key measure of employment and earnings in a major component of the state's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this trend to assess the strength of Delaware's health care and social services sector.
Key Facts
- Delaware's health care sector accounts for over 15% of total state employment.
- Wages and salaries in this industry have grown by 25% in the past 10 years.
- The COVID-19 pandemic significantly impacted employment and earnings in Delaware's health care sector.
FAQs
Q: What does this economic trend measure?
A: The Health Care and Social Assistance Wages and Salaries in Delaware trend measures the total payroll paid to employees in the health care and social assistance sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and labor market conditions in a key service industry for the state of Delaware.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the strength of Delaware's health care and social services sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with typical lags of 1-2 months.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Wages and Salaries in Delaware (DEWHEA), retrieved from FRED.