Average Weekly Earnings of All Employees: Private Service Providing in Delaware
SMU10000000800000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,036.52
Year-over-Year Change
6.83%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Private Service Providing in Delaware metric tracks the average weekly earnings for private service-providing workers in the state of Delaware. This data point is important for economists and policymakers to understand trends in worker compensation and the broader economic health of the state.
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 indicator measures the average weekly earnings, including overtime pay and bonuses, of all private service-providing employees in Delaware. It provides insight into the purchasing power and standard of living for workers in the state's private service sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of Delaware's labor market and consumer demand.
Key Facts
- Earnings have increased by 13% over the past 5 years.
- Delaware's private service wages are 2% above the national average.
- Service sector jobs account for over 80% of employment in the state.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings for private service-providing workers in the state of Delaware, including overtime pay and bonuses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the purchasing power and standard of living for workers in Delaware's private service sector, which is crucial for understanding the state's economic health and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Delaware's labor market and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Private Service Providing in Delaware (SMU10000000800000011), retrieved from FRED.