All Employees: Service-Providing in the District of Columbia
SMU11000000700000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
753.70
Year-over-Year Change
4.99%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Service-Providing in the District of Columbia' series measures the total number of service-providing workers employed in the District of Columbia. This is an important economic indicator for understanding the state of the local service 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
This monthly data series from the U.S. Bureau of Labor Statistics tracks total employment in service-providing industries within the District of Columbia, such as trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure and hospitality, and other services.
Methodology
The data is collected through surveys of businesses and households.
Historical Context
This employment metric is used by policymakers and analysts to assess the strength of the District of Columbia's service sector and broader economic conditions.
Key Facts
- The service sector accounts for over 90% of total employment in the District of Columbia.
- Service-providing jobs make up the largest part of the DC metropolitan area's economy.
- Employment in the District's service industries has steadily increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of people employed in service-providing industries within the District of Columbia, such as trade, transportation, information, and professional services.
Q: Why is this trend relevant for users or analysts?
A: The service sector is the dominant part of the District of Columbia's economy, so this employment metric provides important insights into the overall health and direction of the local economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this service-sector employment data to assess the strength of the District of Columbia's economy and inform decisions around economic development, workforce, and other policies.
Q: Are there update delays or limitations?
A: This series is published monthly with a typical 1-2 month time lag. The data may be subject to revision as additional information becomes available.
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Citation
U.S. Bureau of Labor Statistics, All Employees: Service-Providing in the District of Columbia (SMU11000000700000001A), retrieved from FRED.