Since the early 20th century, Delaware is grown to become one of the most economically prosperous states in the Nation. Being one of the few states who were able to exhibit an economic growth while the nation was ailing with a recession, the state was able to accelerate its growth rate by a 100% within a span of 3 years.
Leading Industries in Delaware
Manufacturing – Even though, historically speaking, manufacturing is known to hold the maximum number of Delaware Jobs, within the realm of manufacturing, jobs in Delaware is primarily dominated by the automotive and chemical industries.
These industries experienced an unfortunate downfall post 2001, where output from automobile and automotive equipment manufacturing plants reduced by about 34%. The chemical industry also showed a decline of 2.6% during the same time frame.
This consequently impacted the manufacturing sector on the whole, where maximum layoffs were experienced at the turn of the millennium.
Finance and Other Services – The industries that have been major contributors to the economy of the state include – the finance, insurance and