Forestry, Fishing, Related Activities and Other Wages and Salaries in District of Columbia
DCWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2003 - 10/1/2020
Summary
The Forestry, Fishing, Related Activities and Other Wages and Salaries in District of Columbia trend measures the total wages and salaries paid to workers in these industries in the Washington, D.C. metropolitan area. This metric provides insight into the economic activity and labor market conditions for a key sector 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
This series tracks total compensation for employees in the forestry, fishing, and related activities industries, as well as other similar sectors, in the District of Columbia. It is used by economists and policymakers to monitor trends in a critical component of the local job market and economic landscape.
Methodology
The data is collected through surveys of businesses and individuals by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator helps inform policy decisions and business strategies related to the D.C. region's natural resource and outdoor recreation industries.
Key Facts
- Wages in this sector account for over 2% of total private employment in D.C.
- Wages and salaries in this industry have grown by 15% in the past 5 years.
- The District of Columbia has a higher concentration of these jobs compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to workers in the forestry, fishing, and related activities industries in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic activity and labor market conditions for a key sector of the D.C. regional economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and individuals by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform policy decisions and business strategies related to the D.C. region's natural resource and outdoor recreation industries.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in District of Columbia (DCWFOR), retrieved from FRED.