Average Weekly Earnings of All Employees: Goods Producing in the District of Columbia
SMU11000000600000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,729.04
Year-over-Year Change
44.53%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the goods-producing sector within the District of Columbia. It provides insights into the income and purchasing power of this key labor force.
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 Weekly Earnings of All Employees: Goods Producing in the District of Columbia represents the mean weekly pay for workers in industries like manufacturing, construction, and mining within the nation's capital. This metric is widely used to analyze wage growth, labor market dynamics, and the local standard of living.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the financial well-being of District of Columbia residents and the strength of the regional economy.
Key Facts
- The series dates back to 1939.
- D.C. goods-producing workers earned $1,590 per week on average in 2022.
- Earnings in this sector have risen over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the goods-producing industries, such as manufacturing, construction, and mining, located within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the income and purchasing power of a key segment of the D.C. labor force, which is important for analyzing regional economic conditions and standards of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the financial well-being of District of Columbia residents and the strength of the regional economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for District of Columbia
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Goods Producing in the District of Columbia (SMU11000000600000011A), retrieved from FRED.