All Employees: Education and Health Services in the District of Columbia
SMU11000006500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.40
Year-over-Year Change
10.48%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Education and Health Services in the District of Columbia trend measures the total number of people employed in the education and health services sector within the District of Columbia. This metric is a key indicator of economic activity and labor market conditions in the region.
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 total employment levels for the education and health services industry in Washington, D.C. It is a useful barometer for evaluating the strength and resilience of the District's service-oriented economy, which is heavily influenced by government, nonprofit, and private sector institutions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to gauge the health of the District's labor market and assess the broader economic landscape.
Key Facts
- The education and health services sector accounts for over 25% of total employment in the District of Columbia.
- Employment in this sector has grown by over 15% in the past decade, outpacing overall job growth in the region.
- The COVID-19 pandemic led to a temporary decline in education and health services jobs in D.C. before a subsequent recovery.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Education and Health Services in the District of Columbia trend measures the total number of people employed in the education and health services sector within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and labor market conditions in the District of Columbia, which is heavily influenced by government, nonprofit, and private sector institutions in the education and healthcare industries.
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: Policymakers and economists closely monitor this trend to gauge the health of the District's labor market and assess the broader economic landscape.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services in the District of Columbia (SMU11000006500000001A), retrieved from FRED.