Average Hourly Earnings of All Employees: Financial Activities in Washington
SMU53000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.14
Year-over-Year Change
4.67%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the financial activities sector in Washington, D.C. It provides insight into wage dynamics and cost pressures in a 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 Hourly Earnings of All Employees: Financial Activities in Washington data series tracks the mean hourly pay for workers in the financial sector within the Washington, D.C. metropolitan area. It is a valuable indicator of labor costs and compensation trends in the local economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and financial analysts to assess economic conditions and inform decisions.
Key Facts
- The financial activities sector accounts for a significant portion of employment in Washington, D.C.
- Wages in this industry tend to be higher than the national average.
- Tracking changes in average hourly earnings can signal shifts in the local labor market.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average hourly earnings of all employees in the financial activities sector within the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage dynamics and labor cost pressures in a key industry, which is valuable for policymakers, economists, and financial analysts assessing economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts closely monitor this metric to assess economic conditions and inform their decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical release schedule and revisions of the Current Employment Statistics (CES) survey.
Similar SMU Trends
People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Washington
GCT1503WA
Other Deposits in Commercial Member Banks in Washington
X08IOMBOWA
Gross Domestic Product: Miscellaneous Manufacturing (339) in Washington
WAMISCMANNGSP
All Employees: Government: Local Government Excluding Educational Services in Washington
SMU53000009093200001
Average Weekly Earnings of All Employees: Financial Activities in Washington
SMU53000005500000011A
All Employees: Other Services: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Washington
SMU53000008081300001
Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in Washington (SMU53000005500000003), retrieved from FRED.