Average Weekly Earnings of Production Employees: Manufacturing in Delaware
SMU10000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,224.32
Year-over-Year Change
7.16%
Date Range
1/1/2006 - 6/1/2025
Summary
The 'Average Weekly Earnings of Production Employees: Manufacturing in Delaware' measures the average weekly earnings of manufacturing production workers in the state of Delaware. This economic indicator provides insight into wage trends and labor costs in the state's manufacturing 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 average weekly earnings of non-supervisory production employees in the manufacturing industry within Delaware. It is a key metric for analyzing labor market conditions, production costs, and the overall health of the state's manufacturing economy.
Methodology
The data is collected through a monthly survey of non-farm establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to understand the competitive position and cost environment of Delaware's manufacturing industry.
Key Facts
- Delaware's manufacturing sector accounts for over 10% of the state's GDP.
- The average weekly earnings in Delaware manufacturing are above the national average.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the manufacturing industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor costs and wage trends in Delaware's manufacturing sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of non-farm establishments 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 understand the competitiveness and cost environment of Delaware's manufacturing industry, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a typical lag of one month, and may be subject to revisions based on additional reporting from surveyed establishments.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Delaware (SMU10000003000000030), retrieved from FRED.