All Employees: Professional and Business Services: Legal Services in District of Columbia
SMU11000006054110001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.10
Year-over-Year Change
3.08%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the legal services industry in the District of Columbia. It is an important indicator of the region's professional services sector and can inform policymakers and analysts about economic conditions and labor market 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
The All Employees: Professional and Business Services: Legal Services in District of Columbia series tracks the total number of people employed in the legal services industry within the District of Columbia. This data provides insight into the strength and growth of the professional services sector in the local economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the vitality of the District's professional services industry and its contribution to the overall economy.
Key Facts
- The legal services industry is a major employer in the District of Columbia.
- Employment in this sector has seen steady growth over the past decade.
- Legal services jobs make up a significant portion of the District's professional services workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the legal services industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and growth of the professional services sector in the District's economy, which is important for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the vitality of the District's professional services industry and its contribution to the overall economy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with occasional revisions to previous months' figures.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Legal Services in District of Columbia (SMU11000006054110001), retrieved from FRED.