Retail Trade Wages and Salaries in Delaware
DEWRET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,974,322.00
Year-over-Year Change
6.27%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Wages and Salaries in Delaware indicator measures the total wages and salaries paid to workers in the retail trade industry within the state of Delaware. It provides insight into economic activity and consumer demand.
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 represents the total compensation paid to employees in the retail trade sector in Delaware, including wages, salaries, and bonuses. It is a key indicator of consumer spending and business conditions in the state's retail industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this metric to gauge the health of Delaware's retail sector and broader economic trends.
Key Facts
- Delaware's retail trade employs over 100,000 workers.
- Retail wages account for 10% of total private-sector wages in the state.
- The retail sector represents 13% of Delaware's GDP.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Wages and Salaries in Delaware indicator measures the total compensation paid to workers in the retail industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending, retail business conditions, and the overall health of Delaware's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to gauge the strength of Delaware's retail sector and inform decisions about economic policy and stimulus.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Retail Trade Wages and Salaries in Delaware (DEWRET), retrieved from FRED.