Construction Earnings in District of Columbia
DCECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,737,771.00
Year-over-Year Change
12.08%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Construction Earnings in District of Columbia' metric tracks average weekly earnings for construction workers in the District of Columbia. This indicator provides insight into economic conditions and labor market trends in the local construction industry.
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
This series measures the average weekly earnings of workers in the construction sector within the District of Columbia. It is used by economists and policymakers to assess labor market dynamics, industry-specific wage growth, and overall economic activity in the region.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding regional construction industry performance and informing economic policy decisions.
Key Facts
- Construction is a major industry in DC, employing over 30,000 workers.
- Average weekly earnings for DC construction workers are typically higher than the national average.
- Construction earnings data helps track the economic health of the local building sector.
FAQs
Q: What does this economic trend measure?
A: The 'Construction Earnings in District of Columbia' metric tracks the average weekly earnings of workers in the construction industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insight into the economic conditions and labor market dynamics of the local construction industry, which is an important sector in the DC regional economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Construction earnings data is used by economists and policymakers to assess industry-specific wage growth, labor market trends, and overall economic activity in the District of Columbia, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revision as more complete information becomes available.
Related Trends
Real Gross Domestic Product: Machinery Manufacturing (333) in the District of Columbia
DCMACHMANRGSP
Chain-Type Quantity Index for Real GDP: Construction (23) in the District of Columbia
DCCONSTQGSP
All Employees: Private Service Providing in the District of Columbia
SMU11000000800000001A
Chain-Type Quantity Index for Real GDP: Publishing Industries (Except Internet) (511) in the District of Columbia
DCPUBINDQGSP
Residential Carbon Dioxide Emissions, Distillate Fuel for District of Columbia
EMISSCO2VDFRCBDCA
Coefficient for Electric Power Carbon Dioxide Emissions, Petroleum Coke for District of Columbia
EMISSCO2CPCEIBDCA
Citation
U.S. Federal Reserve, Construction Earnings in District of Columbia (DCECON), retrieved from FRED.