Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Delaware
SMU10000006500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,011.84
Year-over-Year Change
6.52%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the private education and health services industry in Delaware. It provides insights into wage trends and labor costs in this important 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: Education and Health Services: Private Education and Health Services in Delaware data series tracks changes in compensation levels for workers in the private education and healthcare industries across the state. This metric is useful for analyzing employment and wage dynamics in these key service sectors.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator helps inform policy decisions and business strategies related to labor markets and industry trends.
Key Facts
- Delaware's private education and health services sector employs over 90,000 workers.
- Average weekly earnings in this industry have risen by 20% over the past decade.
- The industry accounts for nearly 20% of Delaware's total private-sector employment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average weekly earnings of all employees in the private education and health services industry in Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage levels and trends in a key service sector, which is crucial for analyzing employment dynamics and labor costs.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to inform decisions and strategies related to labor markets and industry performance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Delaware (SMU10000006500000011), retrieved from FRED.