Average Weekly Earnings of All Employees: Professional and Business Services in District of Columbia
SMU11000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,538.91
Year-over-Year Change
8.59%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees in Professional and Business Services in District of Columbia tracks changes in labor compensation for this key economic sector.
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 economic indicator provides insight into trends in professional and business services employment and wages in the Washington, D.C. metropolitan area. It is a valuable metric for analyzing regional economic performance and the strength of the local service-based job market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly establishment survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to assess the health of the D.C. area economy and make informed decisions.
Key Facts
- The series tracks earnings for over 800,000 professional and business services employees in the D.C. metro area.
- Average weekly earnings in this sector are over 50% higher than the national average.
- Wage growth in D.C. professional services has outpaced the national trend in recent years.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees in Professional and Business Services in District of Columbia tracks changes in labor compensation for this key sector of the local economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insight into the strength of the professional services job market and broader economic conditions in the Washington, D.C. metropolitan area.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly establishment survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of the D.C. area economy and make informed decisions about economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a one-month lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in District of Columbia (SMU11000006000000011), retrieved from FRED.