All Employees: Information in the District of Columbia
SMU11000005000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.60
Year-over-Year Change
6.29%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of people employed in the information sector within the District of Columbia. It is a key indicator of the health and dynamics of the local labor market.
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: Information in the District of Columbia data series tracks the total nonfarm employment in the information industry for the Washington, D.C. metropolitan area. This provides insights into the size and trends of the information-related workforce, which includes jobs in publishing, telecommunications, and technology.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this metric to assess the competitiveness and growth potential of the District's information economy.
Key Facts
- The information sector accounts for about 15% of total employment in the District of Columbia.
- Information jobs in D.C. pay 50% higher wages on average compared to other private-sector occupations.
- Employment in the information industry has grown by 25% in D.C. over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the information sector, including jobs in publishing, telecommunications, and technology, within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and dynamics of the information-related workforce in D.C., which is a key driver of the local economy and an important factor for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to assess the competitiveness and growth potential of the District's information economy, which is a crucial sector for the local and national economy.
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: Information in the District of Columbia (SMU11000005000000001A), retrieved from FRED.