Average Hourly Earnings of All Employees: Other Services in District of Columbia
SMU11000008000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.16
Year-over-Year Change
6.48%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Other Services in District of Columbia measures the average hourly wage paid to workers in the other services sector in the Washington, D.C. metropolitan area. This metric provides insight into the labor costs and employment trends in the region's service economy.
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 average hourly earnings of employees in the other services sector, which includes a wide range of personal and professional services outside of traditional industries like manufacturing, retail, and healthcare. Monitoring changes in this metric helps economists and policymakers assess the overall strength and dynamics of the local service economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This series is used to inform economic and workforce policies in the Washington, D.C. metropolitan area.
Key Facts
- The average hourly wage in the other services sector in Washington, D.C. was $29.33 as of the latest data.
- This sector accounts for approximately 6% of total employment in the D.C. metropolitan area.
- Wages in the other services sector have grown by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly earnings of employees in the other services sector in the Washington, D.C. metropolitan area. It provides insight into labor costs and employment trends in the region's service economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in average hourly earnings in the other services sector helps economists and policymakers assess the overall strength and dynamics of the local service economy in Washington, D.C.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This series is used to inform economic and workforce policies in the Washington, D.C. metropolitan area.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Other Services in District of Columbia (SMU11000008000000003), retrieved from FRED.