Average Weekly Earnings of All Employees: Goods Producing in Delaware
SMU10000000600000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,295.27
Year-over-Year Change
42.38%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Goods Producing in Delaware trend measures the average weekly earnings of workers in the goods-producing sector, such as manufacturing and construction, in the state of Delaware. This metric is closely watched by economists and policymakers as an indicator of economic activity and worker compensation.
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 provides insights into the earnings and compensation of workers in Delaware's goods-producing industries. It is used to analyze trends in worker productivity, inflationary pressures, and the overall health of the state's economy.
Methodology
The data is collected through surveys of employers and businesses in Delaware and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the strength of the state's economy and inform decisions related to economic policy, workforce development, and regional competitiveness.
Key Facts
- Delaware's average weekly earnings in the goods-producing sector were $1,228 as of the latest data.
- Earnings in this sector have increased by 3.2% over the past year.
- The goods-producing industry accounts for approximately 15% of Delaware's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers in the goods-producing sector, such as manufacturing and construction, in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of economic activity, worker productivity, and compensation trends in Delaware's key industries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and businesses in Delaware and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the strength of Delaware's economy and inform decisions related to economic policy, workforce development, and regional competitiveness.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a delay of several weeks before the latest figures are available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Goods Producing in Delaware (SMU10000000600000011A), retrieved from FRED.