Civilian Labor Force for the District of Columbia
CIVLFDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
405,900.00
Year-over-Year Change
0.62%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for the District of Columbia measures the total number of people in the District's civilian labor force, including both employed and unemployed individuals. This metric is crucial for understanding the health and dynamics of the local job market.
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 Civilian Labor Force for the District of Columbia represents the total number of people aged 16 and older who are either employed or actively seeking work in the District. It is a key indicator of the size and composition of the local workforce, which is essential for economic policymakers and analysts.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and local governments to inform employment, workforce development, and economic policies.
Key Facts
- The District of Columbia's civilian labor force totaled over 420,000 as of the latest data.
- The labor force participation rate in the District is higher than the national average.
- The District's unemployment rate is typically lower than the U.S. overall.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for the District of Columbia measures the total number of people aged 16 and older who are either employed or actively seeking work in the District.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the health and dynamics of the local job market, which is essential information for economic policymakers, analysts, and local governments.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and local governments to inform employment, workforce development, and economic policies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short delay, providing timely information on the District's labor force.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Other Services for District of Columbia
DCPCEPCOSRV
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in the District of Columbia
DCARTENTRECRQGSP
Other Services (Except Public Administration) Wages and Salaries in District of Columbia
DCWOTH
All Employees: Leisure and Hospitality: Limited-Service Restaurants and Other Eating Places in District of Columbia
SMU11000007072259001A
Total Unemployed, Plus All Marginally Attached Workers, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for the District of Columbia
U6UNEM6DC
Per Capita Personal Consumption Expenditures: Total for District of Columbia
DCPCEPC
Citation
U.S. Federal Reserve, Civilian Labor Force for the District of Columbia (CIVLFDC), retrieved from FRED.