All Employees: Manufacturing in the District of Columbia
SMU11000003000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
20.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Manufacturing in the District of Columbia trend measures the total number of people employed in the manufacturing sector within Washington, D.C. This metric is a key indicator of economic activity and productivity in the region.
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 total number of manufacturing jobs in the District of Columbia on a monthly basis. It provides insight into the strength and performance of the local industrial economy and can inform policy decisions related to economic development and job creation.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing employment are closely watched by policymakers and analysts for their implications on the broader economy.
Key Facts
- Manufacturing accounts for approximately 2% of total employment in Washington, D.C.
- Manufacturing jobs in DC declined by 10% from 2019 to 2020 due to the COVID-19 pandemic.
- The largest manufacturing subsectors in DC are food production and printing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the manufacturing sector within the District of Columbia on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing employment are closely watched as they provide insight into the strength and performance of the local industrial economy, which can inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the District of Columbia's industrial sector and inform decisions related to economic development and job creation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing in the District of Columbia (SMU11000003000000001A), retrieved from FRED.