Nondurable Manufacturing Wages and Salaries in Delaware
DEWNON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,395,278.00
Year-over-Year Change
23.90%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Wages and Salaries in Delaware series tracks changes in the average hourly earnings of workers in the nondurable manufacturing sector within the state of Delaware. This metric is closely monitored by economists and policymakers to gauge the economic health and competitiveness of Delaware's manufacturing 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 Nondurable Manufacturing Wages and Salaries in Delaware series represents the average hourly wages paid to production and nonsupervisory employees in the nondurable goods manufacturing sector within the state. Nondurable goods include products that have a lifespan of less than three years, such as food, clothing, and pharmaceuticals. This data is used to analyze trends in labor costs and productivity within Delaware's manufacturing industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in nondurable manufacturing wages in Delaware are closely watched by policymakers, as they provide insights into the state's economic competitiveness and the wellbeing of its workforce.
Key Facts
- Delaware's nondurable manufacturing sector employs over 25,000 workers.
- Nondurable manufacturing accounts for nearly 20% of Delaware's GDP.
- Wages in Delaware's nondurable manufacturing industry have risen by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Nondurable Manufacturing Wages and Salaries in Delaware series tracks the average hourly earnings of production and nonsupervisory employees in the nondurable goods manufacturing sector within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic health and competitiveness of Delaware's manufacturing industry, which is a key driver of the state's economy.
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: Trends in nondurable manufacturing wages in Delaware are closely watched by policymakers, as they provide insights into the state's economic competitiveness and the wellbeing of its workforce.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical one-month delay between the reference period and the release date.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Wages and Salaries in Delaware (DEWNON), retrieved from FRED.