Average Hourly Earnings of Production Employees: Manufacturing in Delaware
SMU10000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.74
Year-over-Year Change
2.13%
Date Range
1/1/2006 - 6/1/2025
Summary
The Average Hourly Earnings of Production Employees: Manufacturing in Delaware is an important economic indicator that measures the average hourly wage for manufacturing production workers in 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 trend represents the average hourly compensation for workers in the manufacturing sector of Delaware's economy. It is used by economists and policymakers to analyze labor market conditions and productivity trends.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing wages can inform economic and labor market policies.
Key Facts
- Delaware's manufacturing sector employs over 25,000 workers.
- Manufacturing accounts for approximately 10% of Delaware's GDP.
- Wages in Delaware's manufacturing industry are above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage for production employees in the manufacturing sector of Delaware's economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing wages are important for understanding labor market conditions, productivity, and the overall health of the state's economy.
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 economists use this trend to inform decisions related to labor market regulations, workforce development, and manufacturing industry support.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing in Delaware (SMU10000003000000008), retrieved from FRED.