Average Weekly Earnings of All Employees: Education and Health Services in Delaware
SMU10000006500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
953.71
Year-over-Year Change
23.35%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Education and Health Services in Delaware' tracks the average weekly earnings of workers in the education and health services industry in Delaware. This metric provides insights into labor costs and economic conditions in a key 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
This series measures the average weekly earnings of all employees in the education and health services industry within the state of Delaware. It is a useful indicator of labor costs, wage pressures, and economic trends in this important service-providing sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and businesses to monitor labor market conditions and cost pressures in Delaware's education and healthcare industries.
Key Facts
- Delaware's education and health services industry employs over 150,000 workers.
- Average weekly earnings in this sector have risen by over 25% in the past decade.
- Wages in this industry are typically higher than the statewide private sector average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in the education and health services industry within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor costs and wage pressures in a critical service-providing sector of Delaware's economy.
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: Economists, policymakers, and businesses use this metric to monitor labor market conditions and cost pressures in Delaware's education and healthcare industries.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services in Delaware (SMU10000006500000011A), retrieved from FRED.