Average Weekly Earnings of All Employees: Total Private in District of Columbia
SMU11000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,984.09
Year-over-Year Change
5.92%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Total Private in District of Columbia measures the average weekly earnings for all private-sector employees in the Washington, D.C. metro area. This key economic indicator provides insights into the strength of the local labor market and consumer spending potential.
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 data series tracks the average weekly earnings for all private-sector employees in the District of Columbia, offering an important measure of economic wellbeing and purchasing power. Economists and policymakers use this metric to gauge the health of the local job market and consumer demand.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely referenced by economists, businesses, and policymakers to understand regional economic conditions and guide decision-making.
Key Facts
- The series dates back to 1939.
- DC's average weekly earnings are typically higher than the national average.
- Earnings growth can signal changes in the local cost of living.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings for all private-sector employees in the District of Columbia, providing insight into local labor market conditions and consumer spending potential.
Q: Why is this trend relevant for users or analysts?
A: This data is widely used by economists, businesses, and policymakers to gauge the health of the regional job market and understand consumer demand patterns.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through monthly surveys of employers in the District of Columbia.
Q: How is this trend used in economic policy?
A: Economists and policymakers reference this metric to monitor local economic conditions and make informed decisions around fiscal, monetary, and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in District of Columbia (SMU11000000500000011), retrieved from FRED.