Information Wages and Salaries in District of Columbia
DCWINF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,921,386.00
Year-over-Year Change
26.84%
Date Range
1/1/1998 - 1/1/2025
Summary
The Information Wages and Salaries in District of Columbia index measures changes in compensation for workers in the information sector within the Washington, D.C. metropolitan area. This metric provides insight into labor market trends and wage growth in a key economic center.
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 Information Wages and Salaries in District of Columbia index tracks quarterly changes in average hourly earnings for private industry employees in the information sector across the D.C. metro region. This data series is used by economists, policymakers, and analysts to assess the strength of the local job market and economic conditions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator offers valuable context for interpreting the overall health of the Washington, D.C. regional economy.
Key Facts
- The D.C. metro area is a major hub for the information sector.
- Information industry wages have grown faster than the national average.
- Tracking this index can provide early signals of economic shifts in the region.
FAQs
Q: What does this economic trend measure?
A: The Information Wages and Salaries in District of Columbia index tracks quarterly changes in average hourly earnings for private industry employees in the information sector across the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market trends and wage growth in a key economic center, offering valuable context for interpreting the overall health of the Washington, D.C. regional economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is used by economists, policymakers, and analysts to assess the strength of the local job market and economic conditions in the Washington, D.C. metro region.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, so there may be a short delay before the most recent information is available.
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Citation
U.S. Federal Reserve, Information Wages and Salaries in District of Columbia (DCWINF), retrieved from FRED.