Average Hourly Earnings of All Employees: Goods Producing in Delaware
SMU10000000600000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.79
Year-over-Year Change
1.21%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the goods-producing sector in Delaware. It is an important indicator of labor market conditions and wage growth in the state's manufacturing and production industries.
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 Average Hourly Earnings of All Employees: Goods Producing in Delaware series tracks the average hourly wage paid to workers in the state's goods-producing industries, such as manufacturing, construction, and mining. This metric is widely used by economists and policymakers to gauge the health of the local labor market and assess broader wage trends.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend provides insight into the competitiveness of Delaware's goods-producing sector and can inform economic and workforce development policies.
Key Facts
- Delaware's goods-producing sector accounts for about 10% of total employment in the state.
- Average hourly earnings in this sector have risen by over 25% in the past decade.
- Manufacturing is the largest component of Delaware's goods-producing industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages paid to employees in Delaware's goods-producing industries, such as manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and wage growth in Delaware's key production sectors, which is valuable information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend can inform workforce development initiatives, industrial policies, and assessments of the state's economic competitiveness.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
Similar SMU Trends
State Tax Collections: T22 Corporations in General License for Delaware
QTAXT22QTAXCAT3DENO
Housing Inventory: Pending Listing Count Month-Over-Month in Delaware
PENLISCOUMMDE
Real Gross Domestic Product: Chemical Manufacturing (325) in Delaware
DECHEMMANRGSP
All Employees: Professional and Business Services: Services to Buildings and Dwellings in Delaware
SMU10000006056170001
Coefficient for Commercial Carbon Dioxide Emissions, Distillate Fuel for Delaware
EMISSCO2CDFCCBDEA
Real Gross Domestic Product: Accommodation and Food Services (72) in Delaware
DEACCOMDRQGSP
Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Goods Producing in Delaware (SMU10000000600000003), retrieved from FRED.