State Minimum Wage Rate for Delaware
STTMINWGDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
106.90%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for Delaware tracks the hourly minimum wage set by the state government. This metric is important for economists and policymakers to assess the impact of minimum wage changes on employment, consumer spending, and income inequality.
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 State Minimum Wage Rate for Delaware represents the legally mandated lowest hourly pay that employers in the state must provide to their workers. This metric is used to analyze the effects of minimum wage policies on the local labor market and broader economy.
Methodology
The data is collected through official state government records on minimum wage legislation and enforcement.
Historical Context
Minimum wage trends are closely monitored by economists, policymakers, and businesses to understand their implications for the job market, consumer prices, and income distribution.
Key Facts
- Delaware's minimum wage is currently $10.50 per hour.
- The minimum wage in Delaware has increased by $2.50 since 2018.
- Over 100,000 workers in Delaware are paid at or below the minimum wage.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Delaware tracks the legally mandated lowest hourly pay that employers in the state must provide to their workers.
Q: Why is this trend relevant for users or analysts?
A: Minimum wage trends are closely monitored by economists, policymakers, and businesses to understand their implications for the job market, consumer prices, and income distribution.
Q: How is this data collected or calculated?
A: The data is collected through official state government records on minimum wage legislation and enforcement.
Q: How is this trend used in economic policy?
A: Minimum wage policies are a key tool for state governments to influence employment, consumer spending, and income inequality.
Q: Are there update delays or limitations?
A: The data is updated regularly by the state government, but may be subject to lags in reporting or changes in minimum wage laws.
Related Trends
Citation
U.S. Federal Reserve, State Minimum Wage Rate for Delaware (STTMINWGDE), retrieved from FRED.