Average Hourly Earnings of All Employees: Financial Activities in Delaware
SMU10000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.54
Year-over-Year Change
5.96%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly wages for employees in the financial activities sector in Delaware. It provides insights into labor costs and productivity in a key 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 Average Hourly Earnings of All Employees: Financial Activities in Delaware tracks the mean hourly wage paid to workers in financial services, insurance, real estate, rental, and leasing companies located in the state. This metric is used to analyze employment, compensation, and economic conditions in Delaware's financial sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the competitiveness and health of Delaware's financial services industry.
Key Facts
- Delaware is a major financial center, home to many banking and insurance companies.
- Financial activities account for over 15% of Delaware's GDP.
- Wages in this sector tend to be higher than the state average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages paid to employees in the financial activities sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and productivity in a key industry, which is important for assessing the competitiveness and health of Delaware's financial services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to evaluate the state of Delaware's financial services industry and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have a lag of several months between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in Delaware (SMU10000005500000003), retrieved from FRED.