Forestry, Fishing, Related Activities, and Other Earnings in District of Columbia
DCEFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,611.00
Year-over-Year Change
167.44%
Date Range
1/1/2003 - 10/1/2020
Summary
This economic trend measures earnings in the forestry, fishing, and related activities sector in the District of Columbia. It provides important insights into this component of the local economy.
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 Forestry, Fishing, Related Activities, and Other Earnings in District of Columbia trend represents the total compensation paid to workers in these industries within the D.C. metropolitan area. Economists and policymakers use this data to analyze the health and dynamics of the District's natural resource-based economic activities.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is relevant for understanding D.C.'s economic development and employment trends.
Key Facts
- The D.C. region has a small but important forestry and fishing sector.
- Earnings in this sector have fluctuated over the past decade.
- Policymakers monitor this data to assess the local economy's diversification.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total earnings and compensation paid to workers in the forestry, fishing, and related activities sector within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into an important component of D.C.'s local economy and is relevant for policymakers and economists analyzing the region's economic development and employment trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand the role of natural resource-based industries in the District of Columbia's economy and to inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a short lag and may not fully capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities, and Other Earnings in District of Columbia (DCEFOR), retrieved from FRED.