Average Weekly Earnings of All Employees: Leisure and Hospitality in District of Columbia
SMU11000007000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
888.25
Year-over-Year Change
-0.98%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the leisure and hospitality sector in Washington, D.C. It provides insight into wage dynamics and labor market conditions in this key industry.
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 Average Weekly Earnings of All Employees: Leisure and Hospitality in District of Columbia is a data series that tracks the average weekly pay for workers in the leisure and hospitality sector within the Washington, D.C. metropolitan area. This metric is used by economists and policymakers to analyze regional labor market trends and the relative strength of the local service economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly earnings can inform assessments of consumer spending power, inflation, and the overall health of the regional economy.
Key Facts
- The leisure and hospitality sector accounts for over 15% of jobs in the Washington, D.C. metro area.
- Average weekly earnings in this sector were $667 as of the latest data release.
- Wages have increased by over 25% in the past decade, outpacing national trends.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average weekly earnings of all employees in the leisure and hospitality sector within the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly earnings in the leisure and hospitality sector provide insights into regional labor market conditions and consumer spending power, which are important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health of the local service economy and consumer spending, which can inform decisions around fiscal, monetary, and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Leisure and Hospitality in District of Columbia (SMU11000007000000011), retrieved from FRED.