- 2,807 more businesses
- 36,820 more employees
- 30.4% increase in total wages
- $8,415 in additional annual wages per employee
- 17.8% increase in wages per employee
Since 2009, the number of businesses in Delaware has grown by 9.8% (0.3% greater than the national average of 9.5%). Employment in Delaware has grown by 10.8% (3.7% less than the national average of 14.4%). Wages have grown by 17.8% since the end of the Great Recession. This wage growth is 4.8% less than the national average of 22.5%.
The average weekly wage in Delaware of $1,073 is 0.8% above the national average of $1,064. The gap between the national average has decreased from 5.0% a narrowing of 4.1% since the end of the recession.
The Professional services sector has the most businesses in the state of Delaware . Since the end of the recession, the number of businesses has grown from 3,705 to 4,800, a gain of 29.6%. The table below illustrates the change in number of businesses in each sector:
|Accommodation and food services||2,149||1,896||13.3%|
|Finance and insurance||1,769||1,678||5.4%|
|Real estate and rental||1,032||1,016||1.6%|
|Transport and warehousing||802||794||1.0%|
|Arts and entertainment||415||420||-1.2%|
|Agriculture and forestry||171||150||14.0%|
Several sectors lost a considerable number of businesses with Company management declining by 42.5%, losing nearly 1,000 businesses since 2009. Construction and Retail trade also lost businesses declining 16.6% and 2.4% respectively. Healthcare experienced significant growth by more than doubling the number of businesses to 4,246. The other sectors that added businesses is Waste services and Educational services, increasing 28.4% and 31.4% respectively.
The Healthcare sector employs the most workers in the state of Delaware . The number of jobs has increased 24.9% since the end of the recession from 55,255 to 69,027. The table below illustrates the change in employment in each sector:
|Finance and insurance||42,427||37,970||11.7%|
|Accommodation and food services||40,221||32,857||22.4%|
|Transport and warehousing||13,170||8,932||47.4%|
|Arts and entertainment||10,051||7,813||28.6%|
|Real estate and rental||5,466||5,904||-7.4%|
Delaware has had several sectors experience significant decline in their number of employees. Manufacturing (-7.1%), Other services (-9.9%), Wholesale trade (-17.9%), Company management (-16.8%), Real estate and rental (-7.4%) and Information (-29.8%) combined for a loss of 9,708 jobs since the end of the recession in 2009. Accommodation and food services (+22.4%), Waste services (+31.3%) and Transport and warehousing (+47.4%) all had well above average growth in the number of employees in Delaware.
The sector with the highest wages is the Company management sector at $2,989. Prior to the recession, the sector’s average weekly wage was $1,698. This is an increase of $1,291 per week or 76.0%. The table below illustrates the change in average weekly wages in each sector:
|Finance and insurance||$1,879||$1,424||32.0%|
|Real estate and rental||$959||$763||25.7%|
|Transport and warehousing||$861||$757||13.7%|
|Arts and entertainment||$471||$492||-4.3%|
|Accommodation and food services||$363||$322||12.7%|
Wages in Delaware have grown 4.8% slower than the national average since the recession ended. Job loss in several sectors plus slow growth in several sectors contributed to this. The Wholesale trade sector has increased wages by 0.4% since 2009 and the Arts and entertainment sector has had a decline in wages of 4.3%. As mentioned above, Company management had a significant increase in the average weekly wage. Other sectors had above average increases, including, Professional services (+25%), Finance and insurance (+32%), Real estate and rental (+25.7%) and Waste services (+26%) all had growth above the state and national averages.
Each of the sectors in the previous section are made up of a number of detailed industries. The top industry that has experienced the most growth (as a percent) since the recession is Services for the elderly and disabled which has grown 3,969.4%. The top industry that has contracted the most is Wholesale trade agents and brokers which has contracted by 43.5% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of businesses since the recession:
|Services for the elderly and disabled||1,994||49||3,969.4%|
|Computer systems design and related services||1,810||1,097||65.0%|
|Management of companies and enterprises||1,304||2,267||-42.5%|
|Management consulting services||756||588||28.6%|
|Residential building construction||693||819||-15.4%|
|Offices of physicians||671||730||-8.1%|
|Temporary help services||625||348||79.6%|
|Wholesale trade agents and brokers||603||1,067||-43.5%|
|Offices of lawyers||479||426||12.4%|
|Accounting and bookkeeping services||462||404||14.4%|
The industry that has experienced the most growth in number of employees (as a percent) since the recession is General warehousing and storage which has grown 247.8%. The industry that has lost the most employees is Management of companies and enterprises which has contracted by 16.8% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of employees since the recession:
|General medical and surgical hospitals||22,760||18,740||21.5%|
|Credit card issuing||13,807||13,783||0.2%|
|Temporary help services||9,196||5,914||55.5%|
|Animal slaughtering and processing||8,279||7,679||7.8%|
|Management of companies and enterprises||8,267||9,935||-16.8%|
|Offices of physicians||7,787||7,766||0.3%|
|Supermarkets and other grocery stores||7,197||6,578||9.4%|
|Computer systems design and related services||5,056||3,304||53.0%|
|General warehousing and storage||4,981||1,432||247.8%|
Since the recession ended, the industry that has experienced the greatest increase in average weekly pay per employee (as a percent) is Reinsurance carriers which has grown 234.3%. The average weekly wage in the Securities brokerage industry has grown by 11.5% since the recession. This is the industry with the lowest wage growth among top industries in Delaware . The table below illustrates the 10 largest industries and their change in the average weekly wages since the recession:
|Management of companies and enterprises||$2,989||$1,698||76.0%|
|Offices of lawyers||$2,704||$1,982||36.4%|
|Investment banking and securities dealing||$2,604||$2,335||11.5%|
|Medical equipment merchant wholesalers||$2,403||$1,683||42.8%|
|Mortgage and nonmortgage loan brokers||$2,310||$1,249||84.9%|
Please note, during the comparison period the NAICS coding has had changes made to it. For proper comparisons we are only including industries that have NOT been affected by these changes.
The biggest percentage change in the number of businesses has been in businesses with 250 to 499 employees. The number of businesses with this number of employees has grown from 76 to 100, which is an increase of 31.6%.
The worst percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has declined from 33 to 27, which is a decrease of 18.2%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||21,274||18,507||15.0%|
|More Than 1,000 Employees||27||23||17.4%|
The biggest percentage change in the number of employees has been in businesses with 1,000 or more employees. The number of employees in companies this size has grown from 42,669 to 55,901, which is an increase of 31.0%.
The worst percentage change in the number of employees has been in businesses with 500 to 999 employees. The number of employees with this number of employees has declined from 22,518 to 18,703, which is a decrease of 16.9%.
Table: Change in the number of Employees by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||26,818||22,934||16.9%|
|More Than 1,000 Employees||55,901||42,669||31.0%|
The biggest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $1,423 to $2,477, which is an increase of 74.1%.
The worst percentage change in the average weekly wage has been in businesses with 1,000 or more employees. The average weekly wage in companies this size has declined from $1,808 to $1,639, which is a decrease of 9.3%.
Table: Change Average Weekly Wage by Size Since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||$1,121||$832||34.7%|
|More Than 1,000 Employees||$1,639||$1,808||-9.3%|
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.