Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Delaware
SMU10000006500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.62
Year-over-Year Change
2.53%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures average hourly earnings for private sector employees in the education and health services industries in Delaware. It provides insights into wage growth and labor market conditions in a key sector of the state's economy.
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: Education and Health Services: Private Education and Health Services in Delaware is a key economic indicator that tracks changes in compensation for workers in the private education and healthcare industries within the state. It is used by economists and policymakers to assess labor market dynamics and inflationary pressures.
Methodology
This data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in private education and health services wages can inform policy decisions related to workforce development, cost of living, and the competitiveness of Delaware's key industries.
Key Facts
- Delaware's private education and health services industries employ over 100,000 workers.
- Average hourly wages in this sector have risen by 30% over the past decade.
- The education and health services industry accounts for nearly 20% of Delaware's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the private education and health services industries 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 sector of Delaware's economy, which can inform policy decisions and business strategies.
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: Trends in private education and health services wages can inform policy decisions related to workforce development, cost of living, and the competitiveness of Delaware's key industries.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Delaware (SMU10000006500000003), retrieved from FRED.