All Employees: Service-Providing in District of Columbia
SMS11000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
747.60
Year-over-Year Change
-0.85%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of service-providing employees in the District of Columbia. It is a key indicator of the region's economic activity and labor market conditions.
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 All Employees: Service-Providing in District of Columbia metric tracks employment in the service sector, which includes industries like trade, transportation, utilities, information, financial activities, professional services, education, healthcare, and hospitality. It provides insights into the overall health and trends of the local economy.
Methodology
This data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this metric to assess the strength of the District of Columbia's service-based economy and make informed decisions.
Key Facts
- The service sector accounts for over 90% of employment in the District of Columbia.
- Service-providing jobs make up the majority of the Washington, D.C. metropolitan area's workforce.
- Employment in the District's service industries has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in service-providing industries located in the District of Columbia, including trade, transportation, utilities, information, finance, professional services, education, healthcare, and hospitality.
Q: Why is this trend relevant for users or analysts?
A: The service sector is the dominant part of the District of Columbia's economy, so this metric provides important insights into the overall health and direction of the local labor market and economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the strength of the District of Columbia's service-based economy and make informed decisions about economic development, workforce planning, and public policies.
Q: Are there update delays or limitations?
A: This data is released monthly with a typical one-month lag between the reference period and publication.
Related Trends
All Employees: Total Private in District of Columbia
SMU11000000500000001
Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the District of Columbia
DCDURMANNGSP
All Employees: Professional and Business Services: Employment Services in District of Columbia
SMU11000006056130001SA
Real Gross Domestic Product: Private Industries in the District of Columbia
DCPIRGSP
All Employees: Total Nonfarm in the District of Columbia
SMU11000000000000001A
Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in the District of Columbia
DCFININSREALRGSP
Citation
U.S. Federal Reserve, All Employees: Service-Providing in District of Columbia (SMS11000000700000001), retrieved from FRED.