Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in the District of Columbia
SMU11000004000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.14
Year-over-Year Change
13.43%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic indicator tracks the average hourly earnings of all employees in the trade, transportation, and utilities sector in Washington, D.C. It provides insight into wage trends and labor market conditions in this key part of 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 Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in the District of Columbia is a key economic indicator that measures the average hourly wage for workers in this important sector. Economists and policymakers use this data to assess the strength of the local labor market and broader economic trends.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform economic and policy decisions at the local and national level.
Key Facts
- Wages in the trade, transportation, and utilities sector account for a significant portion of the local economy.
- This metric provides insight into the purchasing power and living standards of workers in these key industries.
- Tracking changes in average hourly earnings can help policymakers assess the impact of economic policies on local job markets.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly earnings of all employees in the trade, transportation, and utilities sector in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage trends and labor market conditions in a crucial part of the local economy, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic and policy decisions at the local and national level, as it reflects the strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Coefficient for Industrial Carbon Dioxide Emissions, Industrial Other for District of Columbia
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Coefficient for Transportation Carbon Dioxide Emissions, Lubricants for District of Columbia
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Real Per Capita Personal Income: Nonmetropolitan Portion for District of Columbia
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in the District of Columbia (SMU11000004000000003A), retrieved from FRED.