All Employees: Service-Providing in Delaware
SMS10000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
441.20
Year-over-Year Change
0.82%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of service-providing employees in the state of Delaware. It is an important indicator of the overall health and composition of the state's labor market.
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 All Employees: Service-Providing in Delaware metric tracks the total number of employees in service-providing industries within the state, such as trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure and hospitality, and other services.
Methodology
The data is collected through surveys of Delaware employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and businesses to assess the service sector's contribution to Delaware's economic performance.
Key Facts
- Delaware's service sector accounts for over 80% of total employment.
- The state's service-providing workforce grew by 3.2% in the last year.
- This metric is a leading indicator of consumer demand and business activity in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in service-providing industries within the state of Delaware, such as trade, transportation, utilities, and professional services.
Q: Why is this trend relevant for users or analysts?
A: The service sector is a critical component of Delaware's economy, and this metric provides insight into the overall health and growth of service-providing employment in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Delaware employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this trend to assess the service sector's contribution to Delaware's economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months. There may be revisions to previous months' data as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Delaware (SMS10000000700000001), retrieved from FRED.