Other Services (Except Public Administration) Wages and Salaries in Delaware
DEWOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
969,482.00
Year-over-Year Change
20.87%
Date Range
1/1/1998 - 1/1/2025
Summary
The Other Services (Except Public Administration) Wages and Salaries in Delaware measures the total wages and salaries paid to workers in the other services sector, excluding public administration, within the state of Delaware. This indicator provides insights into labor costs and economic activity in this key service industry.
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 Other Services (Except Public Administration) Wages and Salaries in Delaware tracks the total compensation paid to employees in a variety of service-oriented businesses, such as repair and maintenance, personal and laundry services, and religious, civic, and professional organizations. This metric is useful for analyzing employment trends and inflationary pressures in Delaware's service economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this indicator to monitor the health and competitiveness of Delaware's service sector.
Key Facts
- The other services sector accounts for over 10% of Delaware's GDP.
- Wages in this sector have grown by an average of 3% annually over the past decade.
- Delaware's other services wages are slightly above the national average.
FAQs
Q: What does this economic trend measure?
A: The Other Services (Except Public Administration) Wages and Salaries in Delaware measures the total compensation paid to workers in a variety of service-oriented businesses within the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into employment costs and economic activity in Delaware's service sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor the health and competitiveness of Delaware's service sector, which is relevant for economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Other Services (Except Public Administration) Wages and Salaries in Delaware (DEWOTH), retrieved from FRED.