Average Hourly Earnings of All Employees: Leisure and Hospitality in Delaware
SMU10000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.12
Year-over-Year Change
3.07%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Leisure and Hospitality in Delaware' trend measures the average hourly wage for workers in the leisure and hospitality industry in Delaware. This statistic is a key indicator of economic conditions and purchasing power 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
This series tracks the average hourly pay for all employees, including both full-time and part-time workers, in Delaware's leisure and hospitality sector. The data is used by economists and policymakers to assess labor market trends and inform decisions around minimum wage, employment, and consumer spending.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend provides important insights into the strength of Delaware's service-based economy and consumer demand.
Key Facts
- Delaware's leisure and hospitality sector employs over 100,000 workers.
- Average hourly earnings in this industry have risen by 20% over the past decade.
- Wages in this sector are typically lower than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage for employees in Delaware's leisure and hospitality industry, including hotels, restaurants, and other service-based businesses.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides important insights into labor market conditions and consumer spending power in Delaware's service sector, which is a key driver of the state'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: Policymakers and economists use this data to inform decisions around minimum wage, employment, and consumer demand in Delaware.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Leisure and Hospitality in Delaware (SMU10000007000000003), retrieved from FRED.