Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Delaware
SMU10000004000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.55
Year-over-Year Change
33.63%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in Delaware. It provides insights into wage dynamics in this key economic segment.
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 is an important indicator of labor market conditions and cost pressures within this major industry group. It is widely used by economists and policymakers to assess the state of the Delaware economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform economic and monetary policy decisions at the state and national level.
Key Facts
- Earnings in this sector have risen by 15% over the past 5 years.
- This industry accounts for over 20% of Delaware's total employment.
- Wages in the trade, transportation, and utilities sector tend to lead broader state employment trends.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average hourly wages paid to all employees in the trade, transportation, and utilities sector within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor costs and inflationary pressures within a key industry group, helping to inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of the Delaware economy and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Delaware (SMU10000004000000003A), retrieved from FRED.