Economic Data for Delaware

Gross Domestic Product

Real GDP (a measure of economic growth) peaked in 2006 at $58,000 million and began growing again after 2008. Real GDP is currently $61,500 million.

 

Jobs

Private-sector employers have added 50,000 jobs since February 2010, the national low point for private-sector employment. From 2017 to 2018 the Delaware private sector has added few new jobs. Average hourly wages in the private sector steadied around $22.75/hr until 2015 when they began growing to the current $26/hr rate in 2018.

 

Manufacturing employment has declined steadily since 2000, especially during the 2008 recession. There are currently 26,000 jobs in this sector in 2018, down from 42,500 in 2000. Average hourly wages of production employees have risen from their 2012 low of 15.50/hr to $19.50/hr in 2018.

 

Transportation, Utilities and Warehousing employment has increased since its 2010 low, going from 12,000 jobs to 18,000 workers in 2018. The average wage in the Transportation, Trade and Utilities sector was $22/hr in 2018, up from $19.50/hr in 2010.

 

Unemployment

The unemployment rate in Delaware is 4.25%, the same as the year before.  The national unemployment average is 3.9%.

 

Housing

The House Price Index, a measure of the cost of housing, in Delaware has decreased from its 2007 peak of 500, declining to 400 in 2012, hitting 450 in 2018, reflecting recovering housing costs.

 

Wilmington