Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Delaware
SMU10000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
809.94
Year-over-Year Change
27.98%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Delaware. It provides insight into the wage dynamics and labor market conditions 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 Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Delaware is a key indicator of the compensation levels and purchasing power of workers in this industry, which is a significant component of the state's economy. Economists and policymakers use this data to analyze employment and income trends.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is useful for monitoring the economic health and competitiveness of Delaware's trade, transportation, and utilities sector.
Key Facts
- Delaware's trade, transportation, and utilities sector employs over 100,000 workers.
- Average weekly earnings in this sector have risen by 15% over the past 5 years.
- The sector accounts for nearly 20% of Delaware's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees 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 important insights into the wage dynamics and labor market conditions in a key economic sector in Delaware, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor the health and competitiveness of Delaware's trade, transportation, and utilities sector, which is important for the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Delaware (SMU10000004000000011A), retrieved from FRED.