All Employees: Financial Activities in the District of Columbia
SMU11000005500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.40
Year-over-Year Change
-8.30%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Financial Activities in the District of Columbia' trend measures the total number of employees in the financial sector within the District of Columbia. This metric is important for analyzing regional economic activity and employment trends.
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 tracks the total number of people employed in financial services, banking, insurance, and real estate within the District of Columbia. It provides insights into the strength and dynamics of the local financial industry, which is a key component of D.C.'s economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of the District's financial sector.
Key Facts
- Washington, D.C. is a major hub for the financial services industry.
- The financial sector is a key driver of economic activity and job growth in the District.
- Employment in financial activities accounts for a significant portion of D.C.'s total nonfarm payroll.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the financial activities sector within the District of Columbia, including jobs in banking, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and dynamics of the financial industry in Washington, D.C., which is a major center for financial services and a key driver of the local economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of the District's financial sector, which has important implications for the broader regional economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Bureau of Labor Statistics, and may be subject to revisions or delays in reporting.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in the District of Columbia (SMU11000005500000001A), retrieved from FRED.