Employment Level for the District of Columbia
EMPLOYDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
384,800.00
Year-over-Year Change
2.18%
Date Range
10/1/2003 - 7/1/2024
Summary
The Employment Level for the District of Columbia tracks the total number of people employed in the metropolitan area. This metric is a key indicator of economic activity and labor market conditions in the nation's capital.
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 Employment Level for the District of Columbia measures the total number of people employed in the Washington, D.C. metropolitan statistical area. This data series is widely used by economists and policymakers to assess the strength of the local job market and broader economic trends.
Methodology
The data is collected through surveys of employers and households by the U.S. Bureau of Labor Statistics.
Historical Context
The Employment Level helps inform monetary and fiscal policy decisions by the Federal Reserve and U.S. government.
Key Facts
- The DC metro area has over 3 million employed workers.
- Employment levels in DC tend to be more stable than the national average.
- The public sector is a major employer in the District of Columbia.
FAQs
Q: What does this economic trend measure?
A: The Employment Level for the District of Columbia tracks the total number of people employed in the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the strength of the local job market and broader economic conditions in the nation's capital.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Employment Level helps inform monetary and fiscal policy decisions by the Federal Reserve and U.S. government.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing a timely snapshot of employment conditions.
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Citation
U.S. Federal Reserve, Employment Level for the District of Columbia (EMPLOYDC), retrieved from FRED.