Educational Services Wages and Salaries in Delaware
DEWEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
360,783.00
Year-over-Year Change
21.77%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Wages and Salaries in Delaware trend measures changes in the average hourly wages and salaries for educational services workers in the state of Delaware. This metric is important for understanding labor market conditions and cost pressures in the education sector.
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 compensation, including wages and salaries, for employees in educational services industries located in Delaware. It provides insight into employment costs and compensation trends within the state's education system, which is a key sector of the economy.
Methodology
The data is collected through surveys of businesses and institutions by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and education leaders use this trend to monitor labor market dynamics and cost drivers in the Delaware education system.
Key Facts
- Delaware educational services wages averaged $27.58 per hour in 2022.
- Wages in this sector have risen by 14% over the past 5 years.
- Education is one of Delaware's largest employment sectors.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Wages and Salaries in Delaware trend measures the average hourly wages and salaries for workers employed in educational services industries across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and cost pressures within Delaware's education sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and institutions conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and education leaders use this trend to monitor compensation trends and cost drivers in Delaware's education system, which informs workforce and budgetary decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks before the latest figures become available.
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Citation
U.S. Federal Reserve, Educational Services Wages and Salaries in Delaware (DEWEDU), retrieved from FRED.