Administrative and Waste Services Earnings in District of Columbia
This dataset tracks administrative and waste services earnings in district of columbia over time.
Latest Value
4381174.00
Year-over-Year Change
18.91%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Earnings in District of Columbia measure the average hourly earnings of workers in the administrative and waste services industry within the District of Columbia. This metric provides insights into labor costs and economic activity in the region's professional services 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
The Administrative and Waste Services Earnings in District of Columbia track the average hourly wages paid to employees in administrative, support, waste management, and remediation service industries located in the District of Columbia. This data series is used by economists and policymakers to monitor labor market trends and competitiveness in the region's professional services industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in administrative and waste services earnings help inform economic and workforce development policies in the District of Columbia.
Key Facts
- The average hourly earnings in this sector were $31.78 as of the latest data.
- Earnings in this industry have increased by 12.5% over the past 5 years.
- Administrative and waste services account for over 70,000 jobs in the District of Columbia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly earnings of workers employed in administrative, support, waste management, and remediation service industries within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Trends in administrative and waste services earnings provide insights into labor costs and economic activity in the District of Columbia's professional services sector, which is an important part of the regional economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in administrative and waste services earnings help inform economic and workforce development policies in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in District of Columbia (DCEADM), retrieved from FRED.