Health Care and Social Assistance Earnings in District of Columbia
DCEHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,882,842.00
Year-over-Year Change
20.60%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures average weekly earnings in the health care and social assistance sector in the District of Columbia. It provides important insights into the economic conditions and labor market dynamics of this critical 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
The Health Care and Social Assistance Earnings in District of Columbia series tracks the average weekly earnings of workers in the health care and social assistance industry within the District of Columbia. This data point is a key economic indicator used by analysts and policymakers to assess the financial health and employment trends in the District's health services sector.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in health care earnings are closely monitored by economists and policy officials to gauge the strength of the District's health services industry and its broader economic impact.
Key Facts
- Average weekly earnings in D.C.'s health care sector were $1,700 as of the latest data.
- The health care industry employs over 100,000 workers in the District of Columbia.
- Health care earnings in D.C. have grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers employed in the health care and social assistance industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Trends in health care earnings are a key indicator of the economic conditions and labor market dynamics in a critical sector, providing valuable insights for economists, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor health care earnings trends to assess the strength of the District's health services industry and its broader economic impact, informing policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Earnings in District of Columbia (DCEHEA), retrieved from FRED.