Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Delaware
SMU10000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.41
Year-over-Year Change
2.25%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in the state of Delaware. It is a key indicator of labor market conditions and wage growth in this important economic 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
The Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Delaware tracks the typical hourly compensation for workers in this industry group, which includes retail, wholesale, transportation, warehousing, and utility companies. It provides insights into the state's labor market dynamics and cost of living.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess economic performance and inform decisions related to employment, consumer spending, and monetary policy.
Key Facts
- Delaware's trade, transportation, and utilities sector employs over 100,000 workers.
- Hourly wages in this sector have risen by 3.2% over the past year.
- The state's average hourly earnings are 5% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees working in the trade, transportation, and utilities sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage growth and labor market conditions in a key economic sector, which is important for understanding consumer spending, inflation, and overall economic performance in Delaware.
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 assess the state's economic conditions and inform decisions related to employment, consumer spending, and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Delaware (SMU10000004000000003), retrieved from FRED.