All Employees: Mining, Logging, and Construction in the District of Columbia
SMU11000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.50
Year-over-Year Change
6.62%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the mining, logging, and construction industries in the District of Columbia. It provides valuable insights into the strength and trends of these key economic sectors in the local 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
The All Employees: Mining, Logging, and Construction in the District of Columbia data series tracks the total number of non-farm employees in these industries. It is an important indicator of economic activity, infrastructure investment, and labor market conditions in the region.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, investors, and economic analysts to gauge the health and dynamics of the District's construction and resource-based industries.
Key Facts
- The trend has shown steady growth since the early 2010s.
- Construction is the largest component of this industry group in the District.
- Employment levels are influenced by public infrastructure projects and private real estate development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-farm employees in the mining, logging, and construction industries in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the strength and dynamics of key economic sectors in the District, informing policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored to gauge the health and activity of the District's construction and resource-based industries, which are important drivers of the local economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with typical government data publication lags.
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Citation
U.S. Federal Reserve, All Employees: Mining, Logging, and Construction in the District of Columbia (SMU11000001500000001A), retrieved from FRED.