Average Weekly Hours of All Employees: Private Service Providing in District of Columbia
SMU11000000800000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.50
Year-over-Year Change
-0.56%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private service-providing sector in the District of Columbia. It provides insights into labor market conditions and economic activity in the region.
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 Hours of All Employees: Private Service Providing in District of Columbia is a key economic indicator that tracks the average number of hours worked per week by private service-sector employees in the nation's capital. It is used by economists and policymakers to assess labor market dynamics and gauge the strength of the local economy.
Methodology
The data is collected through surveys of private businesses and establishments in the District of Columbia.
Historical Context
This trend is closely watched by the Federal Reserve and other economic analysts to inform monetary policy and business decisions.
Key Facts
- The data is reported on a monthly basis.
- The average weekly hours have remained relatively stable in recent years.
- The service sector is a major driver of economic activity in the District of Columbia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the private service-providing sector in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and the strength of the local economy in the nation's capital, which is relevant for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments in the District of Columbia.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other economic analysts to inform monetary policy and business decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, and there may be some delays in the release of the latest figures.
Related Trends
Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in the District of Columbia
DCINSCRAQGSP
Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in the District of Columbia
DCPIPETRANQGSP
Gross Domestic Product: Manufacturing (31-33) in the District of Columbia
DCMANNQGSP
90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for District of Columbia
PPCILBU18DC11000A156NCEN
Total Deposits in Commercial Banks in the District of Columbia
X08TDCBTDC
Real Gross Domestic Product: State and Local in the District of Columbia
DCGOVSLRGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Private Service Providing in District of Columbia (SMU11000000800000002), retrieved from FRED.