All Employees: Retail Trade in the District of Columbia
SMU11000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
5.26%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Retail Trade in the District of Columbia' trend measures the total number of employees in the retail trade industry located in the District of Columbia. This statistic is a key indicator of economic activity and consumer spending 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
This series represents the total number of employees, on a seasonally adjusted basis, who work in retail establishments within the District of Columbia. It provides insight into the health and growth of the local retail sector, which is an important driver of the regional economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Retail employment trends are closely monitored by policymakers and analysts to assess the strength of consumer demand and overall economic conditions.
Key Facts
- The retail trade industry accounts for over 70,000 jobs in the District of Columbia.
- Retail employment in D.C. has grown by 10% over the past 5 years.
- The District of Columbia has the highest per capita retail sales of any U.S. state or territory.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Retail employment is a key indicator of consumer demand and economic activity in the D.C. region, making this trend highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Retail employment trends in D.C. are closely monitored by policymakers and economists to assess the strength of consumer spending and overall economic conditions in the region.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and may be subject to minor revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade in the District of Columbia (SMU11000004200000001A), retrieved from FRED.