All Employees: Administrative and Support and Waste Management and Remediation Services in the District of Columbia
SMU11000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.30
Year-over-Year Change
3.73%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the administrative, support, waste management, and remediation services industry in the District of Columbia. It provides insights into the strength and composition of the local service sector 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: Administrative and Support and Waste Management and Remediation Services in the District of Columbia metric tracks employment in a diverse set of back-office and support service activities, including administrative services, facilities management, waste collection, and environmental remediation. This data is used by economists and policymakers to monitor the health of the local service industry and make informed decisions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for assessing the District of Columbia's economic conditions and competitiveness in attracting and retaining service-sector jobs.
Key Facts
- The District of Columbia has the highest concentration of administrative and support services jobs among all U.S. states.
- Employment in this sector accounts for over 15% of total nonfarm jobs in the District of Columbia.
- The District of Columbia has experienced steady growth in administrative and support services jobs since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the administrative, support, waste management, and remediation services industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength and composition of the local service sector economy, which is a key driver of economic activity and employment in the District of Columbia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for assessing the District of Columbia's economic conditions and competitiveness in attracting and retaining service-sector jobs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in the District of Columbia (SMU11000006056000001A), retrieved from FRED.