Average Hourly Earnings of All Employees: Total Private in District of Columbia
SMU11000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.21
Year-over-Year Change
5.92%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all private-sector employees in the District of Columbia. It provides insights into local wage growth 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 Average Hourly Earnings of All Employees: Total Private in District of Columbia is a key indicator of the District's economic performance. It tracks changes in the typical hourly wage paid to private-sector workers, which is useful for analyzing cost-of-living, consumer spending, and labor market dynamics.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand regional labor market trends and guide economic and policy decisions.
Key Facts
- The average hourly wage in D.C.'s private sector was $37.78 as of the latest data.
- Wage growth in D.C. has outpaced the national average in recent years.
- Private-sector employment in D.C. accounts for over 70% of total jobs in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all private-sector employees in the District of Columbia. It provides insights into local wage growth and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the District's economic performance and is closely monitored by policymakers, economists, and businesses to understand regional labor market dynamics and guide economic decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to analyze cost-of-living, consumer spending, and labor market conditions in the District of Columbia, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in District of Columbia (SMU11000000500000003), retrieved from FRED.