All Employees: Business, Professional, Labor, Political, and Similar Organizations in the District of Columbia
This dataset tracks all employees: business, professional, labor, political, and similar organizations in the district of columbia over time.
Latest Value
26.00
Year-over-Year Change
-2.26%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in business, professional, labor, political, and similar organizations in the District of Columbia. It provides insights into the size and composition of the Washington, D.C. service-sector workforce.
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 All Employees: Business, Professional, Labor, Political, and Similar Organizations in the District of Columbia metric tracks the employment levels of private organizations in the D.C. metropolitan area. This data is a key indicator of economic activity and labor market dynamics in the nation's capital.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the D.C. service economy.
Key Facts
- Washington, D.C. is home to a large service-based economy.
- Business, professional, and political organizations are major employers in the city.
- Employment in these sectors is closely watched for insights into the local economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in business, professional, labor, political, and similar organizations located in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides valuable insights into the strength and composition of the Washington, D.C. service-sector economy, which is a key driver of the region's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this employment trend to assess the health of the Washington, D.C. economy and inform decisions related to economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Business, Professional, Labor, Political, and Similar Organizations in the District of Columbia (SMU11000008081390001A), retrieved from FRED.