Average Weekly Earnings of Production Employees: Manufacturing in Delaware
SMU10000003000000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,146.95
Year-over-Year Change
98.68%
Date Range
1/1/2006 - 1/1/2024
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Delaware measures the average weekly earnings of production workers in the manufacturing sector of the Delaware economy. This metric is a key indicator of economic conditions and worker purchasing power.
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 production employees in the manufacturing industry for the state of Delaware. It provides insight into wage trends and the broader economic health of the state's manufacturing sector, which is an important component of the regional economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this trend to assess the strength of Delaware's manufacturing industry and broader economic conditions.
Key Facts
- Delaware's manufacturing sector accounts for over 10% of the state's GDP.
- Average weekly earnings in Delaware's manufacturing industry are higher than the national average.
- Manufacturing employment in Delaware has declined by 20% 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 sector of the Delaware economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage trends and the broader economic health of Delaware's manufacturing industry, which is a key component 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: Analysts and policymakers monitor this trend to assess the strength of Delaware's manufacturing sector and broader economic conditions in the state.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Delaware (SMU10000003000000030A), retrieved from FRED.