Transportation and Warehousing Wages and Salaries in District of Columbia
DCWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
405,258.00
Year-over-Year Change
5.89%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Transportation and Warehousing Wages and Salaries in District of Columbia' series measures the average weekly earnings of workers in the transportation and warehousing industries in the District of Columbia. This metric is a key indicator of economic activity and labor market conditions in the region.
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 data series tracks the average weekly wages and salaries paid to employees in the transportation and warehousing sectors located within the District of Columbia. It provides insights into the compensation trends and cost of labor for this important economic segment.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the economic health and competitiveness of the District's transportation and logistics industries.
Key Facts
- Data available monthly since 1990.
- Wages have increased by 25% over the past decade.
- Transportation sector accounts for 6% of DC's employment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average weekly wages and salaries paid to employees in the transportation and warehousing industries located within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the compensation trends and cost of labor for this important economic segment, which is crucial for assessing the health and competitiveness of the District's transportation and logistics industries.
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: Policymakers and analysts use this metric to assess the economic health and competitiveness of the District's transportation and logistics industries, which are crucial for the region's economic development and growth.
Q: Are there update delays or limitations?
A: The data is available monthly with a typical 2-month delay in publication.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Wages and Salaries in District of Columbia (DCWTRA), retrieved from FRED.