All Employees: Social Assistance in Delaware
SMU10000006562400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.10
Year-over-Year Change
37.27%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Social Assistance in Delaware' series measures the total number of employees in the social assistance industry in the state of Delaware. This economic indicator provides insights into the health and growth of the social services sector in the state.
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 social assistance industry covers a wide range of organizations providing individual and family services, community food and housing services, and other social services. This data series tracks the total employment in this vital sector, which is an important component of Delaware's overall economic performance.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is used by policymakers, economists, and industry analysts to monitor the strength of Delaware's social services industry and its contribution to the state's economy.
Key Facts
- Delaware has over 20,000 employees in the social assistance industry.
- Social assistance jobs account for around 3% of total employment in Delaware.
- Employment in this sector has grown by 15% over the past 5 years in Delaware.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of employees working in the social assistance industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and growth of Delaware's social services sector, which is a key component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this employment metric to monitor the strength of Delaware's social services industry and its contribution to the state's economy.
Q: Are there update delays or limitations?
A: The data is published with a typical one-month lag and may be subject to revision as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance in Delaware (SMU10000006562400001A), retrieved from FRED.