All Employees: Legal Services in the District of Columbia
SMU11000006054110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.50
Year-over-Year Change
-4.36%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Legal Services in the District of Columbia trend measures the total number of employees in the legal services industry within the Washington, D.C. metropolitan area. This metric is important for economists and policymakers to understand the local labor market and economic activity in the legal 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 series tracks the monthly change in the number of people employed in the legal services industry, which includes law firms, attorneys, and other legal professionals, within the District of Columbia. It provides insight into the strength and trends of the local legal services job market.
Methodology
The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Historical Context
This economic indicator is used by analysts and policymakers to assess the health and trajectory of the legal services industry in the D.C. region.
Key Facts
- The legal services industry is a key component of the D.C. metropolitan economy.
- Employment in this sector has grown steadily over the past decade.
- The District of Columbia has the highest concentration of legal services jobs in the U.S.
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 Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and direction of the local legal services job market, which is a key component of the D.C. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to assess the health and trajectory of the legal services industry in the D.C. region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
All Employees: Other Services in the District of Columbia
SMU11000008000000001A
Industrial Carbon Dioxide Emissions, Natural Gas (Pipeline) for District of Columbia
EMISSCO2VNGICBDCA
Industrial Carbon Dioxide Emissions, LPG (Fuel Use) for District of Columbia
EMISSCO2VHLICBDCA
Average Weekly Hours of All Employees: Professional and Business Services in District of Columbia
SMU11000006000000002
Gross Domestic Product: Utilities (22) in the District of Columbia
DCUTILNGSP
Other Services (Except Public Administration) Wages and Salaries in District of Columbia
DCWOTH
Citation
U.S. Federal Reserve, All Employees: Legal Services in the District of Columbia (SMU11000006054110001A), retrieved from FRED.