Other Services (except Public Administration) Earnings in District of Columbia
DCEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,740,926.00
Year-over-Year Change
13.96%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures average hourly earnings for the 'Other Services' industry in Washington, D.C. It provides insight into the economic health and income levels of this important 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
The 'Other Services' industry includes a diverse range of businesses such as repair and maintenance, personal care, and religious organizations. Tracking earnings in this sector helps economists and policymakers understand broader trends in the local labor market and service economy.
Methodology
The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform employment, wage, and economic policy decisions affecting the District of Columbia.
Key Facts
- Earnings in the 'Other Services' sector in D.C. averaged $33.58 per hour in 2022.
- This industry accounts for over 60,000 jobs in the District of Columbia.
- Earnings in this sector have risen by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for workers in the 'Other Services' industry in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: Tracking earnings in this diverse service sector provides insight into the local labor market and broader economic conditions in the District of Columbia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to inform employment, wage, and economic policy decisions affecting the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in District of Columbia (DCEOTH), retrieved from FRED.