Total Wages and Salaries in Delaware
DEWTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,164,411.00
Year-over-Year Change
17.11%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Total Wages and Salaries in Delaware' economic trend measures the total compensation paid to employees in the state of Delaware, providing insight into economic activity and labor market conditions.
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 data series represents the sum of all wages, salaries, commissions, bonuses, tips, and other compensation paid by employers to their employees within the state of Delaware. It is a key indicator of the overall strength and growth of the Delaware economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the health of the Delaware labor market and consumer spending patterns.
Key Facts
- Delaware's total wages and salaries reached a record high of $33.7 billion in 2021.
- The finance and insurance sector accounts for the largest share of total wages in Delaware.
- Wages and salaries in Delaware have grown by an average of 4.2% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Total Wages and Salaries in Delaware' trend measures the total compensation paid to employees across all industries within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall strength and growth of the Delaware economy, as well as labor market conditions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Delaware labor market and inform decisions related to economic development, taxation, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Delaware
DEMINQGSP
Labor Force Participation Rate for Delaware
LBSNSA10
Interbank Deposits in Commercial Member Banks in Delaware
X08IOMBIDE
90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Delaware
PECILB5T17DE10000A647NCEN
Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Delaware
DEMOTPICSNDRGSP
Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Delaware
DEAGRQQGSP
Citation
U.S. Federal Reserve, Total Wages and Salaries in Delaware (DEWTOT), retrieved from FRED.