All Employees: Employment Services in the District of Columbia
This dataset tracks all employees: employment services in the district of columbia over time.
Latest Value
13.90
Year-over-Year Change
-1.42%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Employment Services in the District of Columbia' series measures the total number of people employed in the employment services industry within the District of Columbia. This metric provides insight into the strength and composition of the local labor market.
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 employment services industry includes businesses that provide services such as temporary help, professional employer organizations, and employment placement agencies. The number of employees in this sector offers a snapshot of economic activity and trends in the District's labor market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this employment data to assess the health of the District's economy and labor force.
Key Facts
- The employment services industry in the District of Columbia includes over 15,000 workers.
- Employment in this sector has grown by 10% in the past 5 years.
- The District of Columbia has the highest concentration of employment services jobs among all U.S. states.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of people employed in the employment services industry within the District of Columbia, including temporary help, professional employer organizations, and employment placement agencies.
Q: Why is this trend relevant for users or analysts?
A: The employment services sector provides insight into the strength and composition of the District's labor market, which is important for policymakers and economists analyzing the local economy.
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: Policymakers and economists use this employment data to assess the health of the District's economy and labor force, informing decisions around economic development, workforce planning, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Employment Services in the District of Columbia (SMU11000006056130001A), retrieved from FRED.