Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in the District of Columbia
SMU11000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
909.17
Year-over-Year Change
-8.08%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in the District of Columbia. It provides insight into wage dynamics and economic conditions in this key industry.
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 Earnings of All Employees: Trade, Transportation, and Utilities in the District of Columbia is a key economic indicator that tracks the nominal earnings of workers in this important economic sector. It helps analysts and policymakers understand broader trends in employment, productivity, and cost of living.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform economic policy decisions and market analysis related to the Washington, D.C. metropolitan area.
Key Facts
- The average weekly earnings in this sector were $1,388 as of the latest data.
- Earnings in this sector have increased by 3.2% over the past year.
- The trade, transportation, and utilities industry is a major employer in the D.C. metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector located in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into wage dynamics and economic conditions in a key industry for the Washington, D.C. metropolitan area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to inform decisions related to the D.C. metropolitan economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in the District of Columbia (SMU11000004000000011A), retrieved from FRED.