Average Weekly Earnings of All Employees: Total Private in Delaware
SMU10000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,073.21
Year-over-Year Change
6.33%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Total Private in Delaware' measures the average weekly earnings of all private sector employees in the state of Delaware. This metric provides insight into the economic well-being and purchasing power of Delaware workers.
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 economic series tracks the average weekly earnings for all private sector employees in Delaware, including both full-time and part-time workers across various industries. Economists and policymakers use this data to assess trends in worker compensation and the overall strength of the state's labor market and consumer economy.
Methodology
The data is collected through surveys of private sector businesses and establishments in Delaware by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is a key input for understanding consumer spending, inflation, and economic growth in Delaware.
Key Facts
- Delaware's average weekly earnings are higher than the national average.
- Earnings have grown steadily over the past decade.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all private sector employees in the state of Delaware, providing insight into worker compensation and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the strength of Delaware's labor market and consumer economy, and can inform analysis of economic growth, inflation, and spending trends in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private sector businesses and establishments in Delaware by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the overall health of Delaware's economy and inform decisions related to consumer spending, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short delay, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in Delaware (SMU10000000500000011), retrieved from FRED.