Educational Services Earnings in District of Columbia
DCEEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,932,201.00
Year-over-Year Change
22.47%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Earnings in District of Columbia measures the average hourly earnings of workers in the educational services industry in Washington, D.C. This metric provides insight into the compensation levels and trends within the local education 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
This series tracks the average hourly wages paid to employees in the educational services industry, which includes public and private schools, colleges, universities, and other educational institutions located in the District of Columbia. It is a key indicator of economic conditions and compensation levels in the local education labor market.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and education stakeholders use this data to monitor the competitiveness of education sector wages and inform decisions around public funding, teacher compensation, and education policy.
Key Facts
- The average hourly wage in D.C. educational services was $39.78 as of the latest data.
- Educational services earnings in D.C. have increased by 15% over the past 5 years.
- D.C. educational services wages are 23% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Earnings in District of Columbia measures the average hourly wages paid to workers in the education industry within the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation levels and trends in the local education sector, which is crucial for policymakers, school administrators, and education stakeholders in evaluating workforce competitiveness and informing decisions around funding and policies.
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: Policymakers and education stakeholders use this data to monitor the competitiveness of education sector wages and inform decisions around public funding, teacher compensation, and education policy in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be lags of several weeks or months before the most recent figures become available.
Related Trends
Gross Domestic Product: Trade (42, 44-45) in the District of Columbia
DCTRADENGSP
Real Gross Domestic Product: Military in the District of Columbia
DCGOVFEDMILRGSP
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the District of Columbia
DCBP1FH
Health Care and Social Assistance Earnings in District of Columbia
DCEHEA
All Employees: Leisure and Hospitality in the District of Columbia
SMU11000007000000001A
Number of Identified Exporters to Japan from District of Columbia
DCJPNA475SCEN
Citation
U.S. Federal Reserve, Educational Services Earnings in District of Columbia (DCEEDU), retrieved from FRED.