Earnings by Place of Work in Delaware
DEEPLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,779,389.00
Year-over-Year Change
19.00%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Earnings by Place of Work in Delaware' series measures the total compensation, including wages and salaries, bonuses, and benefits, earned by workers located in the state of Delaware. This metric provides insight into the state's economic activity and labor market conditions.
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 total earnings of employees across all industries and occupations within Delaware. It is a key indicator used by economists and policymakers to assess the overall strength of the state's economy and monitor trends in worker compensation.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of employers and administrative records.
Historical Context
Policymakers and analysts use this metric to inform decisions around economic development, workforce planning, and tax and budgetary policies in Delaware.
Key Facts
- Delaware's total earnings reached $52.8 billion in 2021.
- Earnings grew by 7.2% in Delaware from 2020 to 2021.
- The finance and insurance sector accounts for the largest share of Delaware's total earnings.
FAQs
Q: What does this economic trend measure?
A: The 'Earnings by Place of Work in Delaware' series tracks the total compensation, including wages, salaries, bonuses, and benefits, earned by workers located within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall economic activity and labor market conditions in Delaware, making it a key indicator used by economists, policymakers, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of employers and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions around economic development, workforce planning, and tax and budgetary policies in Delaware.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Earnings by Place of Work in Delaware (DEEPLA), retrieved from FRED.