Finance and Insurance Earnings in District of Columbia
DCEFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,341,245.00
Year-over-Year Change
13.12%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Finance and Insurance Earnings in District of Columbia' metric tracks the average earnings of workers in the finance and insurance industries located in Washington, D.C. This data provides insights into the economic vitality of the District's financial 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 trend represents the average weekly earnings of all employees in the finance and insurance industries within the District of Columbia. It is a key indicator of the compensation levels and economic strength of this crucial sector in the nation's capital.
Methodology
The data is collected through surveys of establishments in the District of Columbia and calculated as the average weekly earnings across all finance and insurance workers.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and health of Washington, D.C.'s financial services industry.
Key Facts
- The finance and insurance sector is a major employer in Washington, D.C.
- Average weekly earnings in this sector are typically higher than the overall D.C. average.
- This data is released monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers employed in the finance and insurance industries located within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic vitality and compensation levels of a key sector in Washington, D.C., which is an important financial center.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments in the District of Columbia and calculated as the average weekly earnings across all finance and insurance workers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and health of Washington, D.C.'s financial services industry, which is crucial to the local and national economy.
Q: Are there update delays or limitations?
A: This data is released monthly by the U.S. Federal Reserve with a typical delay of several weeks from the end of the reference period.
Related Trends
Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in the District of Columbia
DCPIPETRANQGSP
Regional Price Parities: Services: Housing for District of Columbia
DCRPPSERVERENT
Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in the District of Columbia
DCAGRQGSP
Gross Domestic Product: Management of Companies and Enterprises (55) in the District of Columbia
DCMNGCOENTPRNGSP
Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for District of Columbia
DCPCEPCCLTH
Chain-Type Quantity Index for Real GDP: Professional and Business Services (54, 55, 56) in the District of Columbia
DCPROBUSQGSP
Citation
U.S. Federal Reserve, Finance and Insurance Earnings in District of Columbia (DCEFIN), retrieved from FRED.