All Employees: Total Private in the District of Columbia
SMU11000000500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
532.60
Year-over-Year Change
8.92%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Total Private in the District of Columbia' trend measures the total number of private sector employees in Washington, D.C. This key metric provides insight into the economic health and labor market dynamics of 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
This economic series tracks the total employment in private-sector establishments located within the District of Columbia. It is a valuable indicator of business activity, consumer demand, and regional economic trends in the D.C. metropolitan area.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this employment trend to assess the strength of the local economy and inform decisions around fiscal, monetary, and workforce policies.
Key Facts
- The District of Columbia accounts for approximately 0.2% of total U.S. private employment.
- Private employment in D.C. has grown by 15% over the past decade.
- The largest private employment sectors in D.C. are professional services, education, and healthcare.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Total Private in the District of Columbia' series tracks the total number of private-sector workers employed in the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insight into the strength of the D.C. regional economy and labor market, which is critical for policymakers, businesses, and economists analyzing economic conditions in the nation's capital.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of private businesses and establishments located within the District of Columbia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this private employment series to assess the state of the D.C. economy, make informed decisions about fiscal, monetary, and workforce policies, and identify economic trends and challenges facing the region.
Q: Are there update delays or limitations?
A: The private employment data for D.C. is typically published with a 1-2 month lag relative to the reference period.
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Citation
U.S. Federal Reserve, All Employees: Total Private in the District of Columbia (SMU11000000500000001A), retrieved from FRED.