All Employees: Total Nonfarm in the District of Columbia
SMU11000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
769.40
Year-over-Year Change
5.02%
Date Range
1/1/1939 - 1/1/2024
Summary
The 'All Employees: Total Nonfarm in the District of Columbia' trend tracks employment levels in the District of Columbia, providing valuable insights into the region's economic health 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
This indicator measures the total number of nonfarm employees in the District of Columbia, excluding agricultural workers, private household employees, and employees of nonprofit organizations. It is a key economic indicator used by policymakers, economists, and analysts to assess the strength and trends in the local job market.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is widely used to inform economic policy decisions and market analysis at the regional and national levels.
Key Facts
- The District of Columbia has a diverse, service-oriented economy.
- Nonfarm employment in D.C. accounts for over 75% of total employment in the region.
- The employment trend in D.C. is often used as a barometer for the broader Washington metropolitan area economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of nonfarm employees in the District of Columbia, excluding agricultural workers, private household employees, and nonprofit workers.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of the strength and direction of the District of Columbia's local economy, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The D.C. nonfarm employment trend is closely monitored by policymakers and institutions to inform economic and labor market policies at the regional and national levels.
Q: Are there update delays or limitations?
A: The employment data is released monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of 1-2 months.
Related Trends
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All Employees: Financial Activities: Finance and Insurance in District of Columbia
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All Employees: Leisure and Hospitality: Restaurants and Other Eating Places in District of Columbia
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All Employees: Leisure and Hospitality: Special Food Services in District of Columbia
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All Employees: Wholesale Trade in District of Columbia
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Gross Domestic Product: Manufacturing (31-33) in the District of Columbia
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Citation
U.S. Federal Reserve, All Employees: Total Nonfarm in the District of Columbia (SMU11000000000000001A), retrieved from FRED.