Average Weekly Earnings of All Employees: Private Service Providing in District of Columbia
SMU11000000800000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,908.84
Year-over-Year Change
4.86%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Private Service Providing in District of Columbia measures the average weekly earnings for private service sector workers in the Washington, D.C. metro area. This metric provides insight into economic conditions and consumer purchasing power.
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 data series tracks the average weekly earnings of all private sector service industry employees in the District of Columbia, including workers in fields like healthcare, retail, and professional services. It is used by economists and policymakers to gauge trends in regional compensation and living standards.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring changes in average weekly earnings can inform decisions related to economic policy, consumer spending, and business investment.
Key Facts
- The series covers private sector service industry workers in the Washington, D.C. metro area.
- Data is released monthly by the U.S. Bureau of Labor Statistics.
- Earnings include regular hourly pay, commissions, bonuses, and other forms of compensation.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average weekly earnings of all private sector service industry employees in the District of Columbia, including workers in fields like healthcare, retail, and professional services.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in average weekly earnings can provide insights into regional economic conditions and consumer purchasing power, informing decisions related to economic policy, consumer spending, and business investment.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to gauge trends in regional compensation and living standards, which can inform decisions related to economic policy, consumer spending, and business investment.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Private Service Providing in District of Columbia (SMU11000000800000011), retrieved from FRED.