All Employees: Real Estate and Rental and Leasing in the District of Columbia
SMU11000005553000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.70
Year-over-Year Change
19.81%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total employment in the real estate and rental and leasing industry within the District of Columbia. It provides valuable insights into the health and growth of this important sector 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 All Employees: Real Estate and Rental and Leasing in the District of Columbia data series tracks the monthly change in employment levels for this industry. It is a key indicator used by economists and policymakers to analyze the commercial real estate market and broader economic conditions in the region.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by real estate investors, commercial developers, and government officials to inform policy decisions and market strategies.
Key Facts
- The real estate and rental and leasing industry accounts for over 30,000 jobs in the District of Columbia.
- Employment in this sector has grown by 12% over the past 5 years.
- The Washington, D.C. metro area is a major hub for commercial real estate activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the real estate and rental and leasing industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides valuable insights into the commercial real estate market and broader economic conditions in the D.C. region, making it relevant for investors, developers, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by government officials to inform policy decisions related to the commercial real estate market and overall economic development in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Real Estate and Rental and Leasing in the District of Columbia (SMU11000005553000001A), retrieved from FRED.