All Employees: Private Service Providing in District of Columbia
SMS11000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
515.90
Year-over-Year Change
-0.25%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of private service-providing employees in the District of Columbia. It is a key indicator of the region's economic activity and labor market conditions.
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: Private Service Providing in District of Columbia metric tracks employment in private-sector service industries, which make up a significant portion of the local economy. This data provides insights into the overall health and growth of the District's service-based businesses.
Methodology
The data is collected through monthly surveys of private establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this indicator to assess the economic performance and labor market trends in the District of Columbia.
Key Facts
- The private service sector accounts for over 90% of total employment in the District of Columbia.
- Service-providing jobs have grown by 15% in the District over the past decade.
- The District's private service sector is dominated by professional and business services.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in private-sector service industries within the District of Columbia, such as finance, healthcare, and professional services.
Q: Why is this trend relevant for users or analysts?
A: The private service sector is a critical component of the District's economy, and changes in service-providing employment can indicate broader economic conditions and labor market trends in the region.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the economic performance and labor market trends in the District of Columbia, which can inform decisions on economic development, workforce policies, and other initiatives.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical release lag of about one month. There may be revisions to previous months' data as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in District of Columbia (SMS11000000800000001), retrieved from FRED.