Average Weekly Earnings of All Employees: Professional and Business Services in Delaware
SMU10000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,332.94
Year-over-Year Change
6.55%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Professional and Business Services in Delaware' trend measures the average weekly earnings for employees in the professional and business services sector in Delaware. This data point is a key economic indicator tracked by economists and policymakers.
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 economic series provides insight into the earnings and labor costs within Delaware's professional and business services industry, which encompasses a wide range of knowledge-based occupations. It is used to analyze wage growth, labor market conditions, and the overall health of the state's service-providing economy.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to inform decisions around employment, inflation, and regional economic development.
Key Facts
- Earnings in Delaware's professional and business services sector.
- Indicator of labor costs and wage growth.
- Used to analyze regional economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the professional and business services sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth, labor market conditions, and the overall health of Delaware's service-providing economy, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of 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 inform decisions around employment, inflation, and regional economic development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may be subject to revisions and delays typical of labor market statistics.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in Delaware (SMU10000006000000011), retrieved from FRED.