Average Hourly Earnings of All Employees: Goods Producing in District of Columbia
SMU11000000600000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.32
Year-over-Year Change
10.50%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic indicator measures the average hourly earnings of all employees in the goods-producing sector within the District of Columbia. It provides insight into wage trends and is a key metric for assessing the strength of the local economy.
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: Goods Producing in District of Columbia tracks the mean hourly wage for workers in the manufacturing, construction, and mining industries within the D.C. metropolitan area. This data point is widely used by economists and policymakers to evaluate the purchasing power of workers and the overall health of the local labor market.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by the Federal Reserve and other agencies to inform economic policy decisions.
Key Facts
- The data is released monthly by the U.S. Bureau of Labor Statistics.
- Earnings in the goods-producing sector tend to be higher than the overall private sector average.
- The District of Columbia has a higher concentration of goods-producing jobs compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly earnings of workers in the goods-producing industries, such as manufacturing, construction, and mining, within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into wage growth and the overall strength of the local labor market, which is crucial for assessing the economic conditions in the District of Columbia.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this indicator to inform decisions on monetary policy and assess the health of the local economy.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical lag of about one month from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Goods Producing in District of Columbia (SMU11000000600000003), retrieved from FRED.