Administrative and Waste Services Wages and Salaries in District of Columbia
This dataset tracks administrative and waste services wages and salaries in district of columbia over time.
Latest Value
3620888.00
Year-over-Year Change
15.59%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Wages and Salaries in District of Columbia trend measures the average wages and salaries for workers in the administrative and waste services industry in the District of Columbia. This is an important economic indicator for policymakers and analysts tracking the local job market and cost of living.
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 economic series represents the average weekly wages and salaries earned by workers in the administrative and support services, and waste management and remediation services industries within the District of Columbia. It is a key metric for understanding the local job market and how compensation trends compare to the broader economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Tracking this metric helps policymakers and economists assess the economic health and competitiveness of the District of Columbia.
Key Facts
- The series dates back to 2001.
- Wages have risen by over 50% since 2001.
- The industry employs over 60,000 people in the District.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly wages and salaries for workers in the administrative, support, and waste services industries in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Tracking this metric helps policymakers and economists assess the economic health and competitiveness of the District of Columbia's job market and cost of living.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to understand the District of Columbia's job market conditions and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-month reporting lag.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in District of Columbia (DCWADM), retrieved from FRED.