All Employees: Trade, Transportation, and Utilities in the District of Columbia
SMU11000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.20
Year-over-Year Change
7.47%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the trade, transportation, and utilities sectors within the District of Columbia. It provides valuable insights into the strength and composition of the local 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
The All Employees: Trade, Transportation, and Utilities in the District of Columbia series measures the total employment in these key economic sectors for the Washington, D.C. metropolitan area. This data is used by economists and policymakers to assess the health and growth of the region's service-oriented industries.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by local and federal authorities to inform economic and workforce development policies.
Key Facts
- The trade, transportation, and utilities sector accounts for over 20% of total employment in the District of Columbia.
- Employment in this sector has grown by over 10% in the past decade, outpacing overall job growth in the region.
- The Washington, D.C. metro area is a major hub for logistics, distribution, and transportation services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the trade, transportation, and utilities sectors within the District of Columbia metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the strength and growth of key service-oriented industries in the Washington, D.C. region, which is crucial for economic and workforce development planning.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by local and federal authorities to inform economic and workforce development policies in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Trade, Transportation, and Utilities in the District of Columbia (SMU11000004000000001A), retrieved from FRED.