Average Hourly Earnings of All Employees: Mining, Logging, and Construction in Delaware
SMU10000001500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.64
Year-over-Year Change
-1.05%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the mining, logging, and construction industries in Delaware. It provides insights into wage dynamics in these key sectors of the state's economy.
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: Mining, Logging, and Construction in Delaware series tracks the average hourly wage paid to workers in these industries within the state. It is a useful indicator of labor market conditions and can inform policy decisions related to workforce development and economic growth.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the health of Delaware's construction and resource extraction industries.
Key Facts
- Delaware's mining, logging, and construction sectors employ over 20,000 workers.
- Average hourly earnings in these industries are 15% higher than the state's overall private sector average.
- Wage growth in this sector has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees working in the mining, logging, and construction industries in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into wage dynamics in key sectors of Delaware's economy, informing policy decisions and helping analysts assess labor market conditions.
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: Policymakers and analysts closely monitor this trend to evaluate the health of Delaware's construction and resource extraction industries, which are important drivers of the state's economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Mining, Logging, and Construction in Delaware (SMU10000001500000003), retrieved from FRED.