Average Weekly Earnings of All Employees: Manufacturing in Delaware
SMU10000003000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,169.48
Year-over-Year Change
46.74%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Manufacturing in Delaware' trend measures the average weekly earnings of manufacturing workers in the state of Delaware. This metric is a key indicator of economic conditions and purchasing power in the state's industrial sector.
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 series tracks the weekly earnings of production and non-supervisory employees in the manufacturing industry across Delaware. It is used by economists and policymakers to assess the economic health and competitiveness of the state's manufacturing sector.
Methodology
The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing earnings can inform decision-making on economic development, workforce, and monetary policies.
Key Facts
- Delaware's average manufacturing wage was $1,226 per week in 2022.
- Manufacturing accounts for about 10% of Delaware's total employment.
- Wages in Delaware's manufacturing sector have risen 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production and non-supervisory employees in the manufacturing industry across the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Tracking manufacturing wages provides insight into the economic health and competitiveness of this key sector in Delaware. It informs decision-making on policies related to economic development, workforce, and monetary conditions.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in manufacturing earnings can help guide policymakers on issues such as workforce development, industrial competitiveness, and the overall economic trajectory of the state.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. There may be seasonal or sampling variations that affect the precision of the state-level estimates.
Related Trends
Industrial Carbon Dioxide Emissions, All Fuels for Delaware
EMISSCO2TOTVICTODEA
90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Delaware
PECIUB0T4DE10000A647NCEN
Regional Price Parities: All Items: Nonmetropolitan Portion for Delaware
DENMPRPPALL
Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Delaware
DEPIPETRANQGSP
Housing Inventory: Price Increased Count Year-Over-Year in Delaware
PRIINCCOUYYDE
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Delaware
DEBP1FHSA
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Delaware (SMU10000003000000011A), retrieved from FRED.