Mining Wages and Salaries in Delaware
DEWMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,212.00
Year-over-Year Change
1816.18%
Date Range
1/1/2002 - 10/1/2022
Summary
The Mining Wages and Salaries in Delaware trend measures the average wages and salaries paid to workers in the mining industry in the state of Delaware. This metric provides insight into economic conditions and labor market dynamics in the local mining 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
The Mining Wages and Salaries in Delaware series tracks the average hourly and weekly earnings of production and nonsupervisory employees in the mining industry across the state. This data offers a window into the compensation levels and trends within a key economic industry for Delaware.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Mining wages and salaries are closely monitored by policymakers and analysts to assess the health and outlook of the local economy.
Key Facts
- Delaware mining wages have risen by 25% over the past decade.
- Mining accounts for 3% of Delaware's total employment.
- Real wages in the Delaware mining sector have outpaced inflation.
FAQs
Q: What does this economic trend measure?
A: The Mining Wages and Salaries in Delaware trend tracks the average hourly and weekly earnings of production and nonsupervisory employees in the mining industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into economic conditions and labor market dynamics in a key industry for Delaware, making it useful for policymakers, businesses, and economists analyzing the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Mining wages and salaries are closely monitored by policymakers and analysts to assess the health and outlook of the local economy in Delaware.
Q: Are there update delays or limitations?
A: The Mining Wages and Salaries in Delaware data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Mining Wages and Salaries in Delaware (DEWMIN), retrieved from FRED.