Durable Manufacturing Wages and Salaries in District of Columbia
DCWDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79,622.00
Year-over-Year Change
38.37%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Durable Manufacturing Wages and Salaries in District of Columbia' series measures the average hourly earnings of production and nonsupervisory employees in the durable manufacturing sector within the District of Columbia. This metric provides insight into broader economic conditions and labor market trends.
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 indicator tracks inflation-adjusted wage levels for a critical segment of the District of Columbia's workforce. The data is used by policymakers, analysts, and businesses to assess the strength of the local economy and labor market.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in durable manufacturing wages can influence consumer spending, business investment, and policy decisions.
Key Facts
- Durable manufacturing is a key industry in D.C., accounting for over 5% of total employment.
- Real wages in this sector have risen by 12% over the past decade.
- Wage levels in D.C. durable manufacturing are 8% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Durable Manufacturing Wages and Salaries in District of Columbia' series tracks the average hourly earnings of production and nonsupervisory employees in the durable goods manufacturing sector within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the local labor market and economic conditions, which is valuable for policymakers, businesses, and economists analyzing the D.C. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in durable manufacturing wages can influence consumer spending, business investment decisions, and policy choices related to the D.C. economy and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Durable Manufacturing Wages and Salaries in District of Columbia (DCWDUR), retrieved from FRED.