All Employees: Leisure and Hospitality: Restaurants and Other Eating Places in District of Columbia
Annual
SMU11000007072250001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.30
Year-over-Year Change
20.95%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the average annual growth rate of manufacturing employment in a specific geographic area. It is a key indicator of the overall health and productivity of the manufacturing 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
The Annual trend tracks the year-over-year change in manufacturing employment, providing insights into the expansion or contraction of this crucial economic segment. It is widely used by economists, policymakers, and industry analysts to assess regional and national manufacturing performance.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring the Annual trend helps inform economic and workforce development policies.
Key Facts
- The Annual trend reached a peak of 3.2% in 2018.
- Manufacturing accounts for over 10% of U.S. GDP.
- The COVID-19 pandemic caused a sharp decline in the Annual trend in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual growth rate of manufacturing employment in a specific geographic area.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of the overall health and productivity of the manufacturing sector, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring the Annual trend helps inform economic and workforce development policies, as it provides insights into the expansion or contraction of the manufacturing sector.
Q: Are there update delays or limitations?
A: The Annual trend data is subject to periodic revisions by the Bureau of Labor Statistics, and there may be a several-month delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Annual (SMU11000007072250001A), retrieved from FRED.