Mining Wages and Salaries in District of Columbia
DCWMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1998 - 1/1/2025
Summary
The Mining Wages and Salaries in District of Columbia trend measures average earnings in the mining industry within the District of Columbia. This economic indicator provides insight into labor costs and productivity in the local mining 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
This series tracks the average wages and salaries paid to employees in the mining industry located in the District of Columbia. It serves as a benchmark for understanding labor market dynamics and cost pressures within the District's mining sector.
Methodology
The data is collected through surveys of businesses in the District of Columbia's mining industry.
Historical Context
Policymakers and analysts use this metric to gauge the competitiveness and health of the local mining labor market.
Key Facts
- Mining accounts for less than 1% of employment in the District of Columbia.
- Average mining wages in DC are higher than the national average.
- Mining wages have grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Mining Wages and Salaries in District of Columbia trend measures the average earnings of workers in the mining industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and productivity in the local mining sector, which is important for understanding the competitiveness and health of the District of Columbia's mining industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the District of Columbia's mining industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the competitiveness and health of the local mining labor market, which can inform economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be a lag of several months between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, Mining Wages and Salaries in District of Columbia (DCWMIN), retrieved from FRED.