Average Hourly Earnings of All Employees: Private Service Providing in District of Columbia
SMU11000000800000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.77
Year-over-Year Change
5.45%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic indicator tracks the average hourly earnings of all private service-providing employees in the District of Columbia. It provides insight into wage trends and labor market conditions 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 Hourly Earnings of All Employees: Private Service Providing in District of Columbia series measures the average hourly wage paid to private sector service workers in the Washington, D.C. metropolitan area. It is a key statistic used by economists and policymakers to assess the strength of the local labor market and broader economic trends.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to gauge inflationary pressures and make informed policy decisions.
Key Facts
- The series dates back to 2006.
- Earnings have increased by over 40% since 2006.
- D.C. has higher average service wages than the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly wages paid to private sector service workers in the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into local labor market conditions and wage growth, which are key factors considered by economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this metric to gauge inflationary pressures and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Private Service Providing in District of Columbia (SMU11000000800000003), retrieved from FRED.