Average Weekly Earnings of All Employees: Financial Activities in Delaware
SMU10000005500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,494.54
Year-over-Year Change
51.80%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Financial Activities in Delaware tracks the average weekly earnings of workers in the financial activities sector in the state of Delaware. This metric is a key indicator of labor market conditions and income trends within the state's financial industry.
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 measures the average weekly earnings of all employees, including both full-time and part-time workers, in the financial activities sector in Delaware. It is a useful barometer of compensation trends and the overall health of the state's financial services industry.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to gauge the economic performance and labor market dynamics of Delaware's financial sector.
Key Facts
- Delaware's financial activities sector accounts for a significant portion of the state's economy.
- The average weekly earnings in this sector have shown steady growth over the past decade.
- Fluctuations in this metric can signal changes in the demand for financial services workers in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees, including both full-time and part-time workers, in the financial activities sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and income trends within Delaware's financial industry, which is a significant driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated 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 gauge the economic performance and labor market dynamics of Delaware's financial sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with some potential for minor revisions to prior periods.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Delaware (SMU10000005500000011A), retrieved from FRED.