All Employees: Other Services in the District of Columbia
SMU11000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.30
Year-over-Year Change
-1.32%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in the District of Columbia' data series tracks the total number of employees in the 'other services' industry sector within Washington, D.C. This metric is an important indicator of economic activity and labor market trends in the nation's capital.
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 'other services' industry sector includes a diverse range of businesses, such as personal care services, religious organizations, and repair and maintenance services. This employment data provides insight into the health and composition of the local service economy, which is a major component of D.C.'s overall economic landscape.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this metric to assess the strength of the District of Columbia's service-oriented economy and labor market.
Key Facts
- The 'other services' sector accounts for over 15% of total employment in Washington, D.C.
- Employment in this sector has grown by 8% in the past 5 years.
- The District of Columbia has the highest concentration of 'other services' jobs among U.S. states and territories.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees working in the 'other services' industry sector within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and composition of D.C.'s service-oriented economy, which is a major component of the local labor market.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 monitor this metric to assess the strength of the District of Columbia's service sector and overall economic activity.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag and may be subject to revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Other Services in the District of Columbia (SMU11000008000000001A), retrieved from FRED.