Wholesale Trade Wages and Salaries in District of Columbia
DCWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,013,059.00
Year-over-Year Change
14.06%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in District of Columbia series measures the average hourly earnings of workers in the wholesale trade industry within the District of Columbia. This metric provides insight into labor costs and economic conditions in the region's wholesale sector.
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 average hourly wages and salaries paid to employees in the wholesale trade industry located in the District of Columbia. It is a key economic indicator used by policymakers, economists, and businesses to gauge labor market dynamics and industry-specific cost pressures.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Wholesale trade wages and salaries are closely watched as a signal of overall economic performance and potential inflationary pressures.
Key Facts
- Wholesale trade accounts for over 20,000 jobs in the District of Columbia.
- Average hourly wages in the D.C. wholesale sector are higher than the national average.
- Wholesale trade wages have risen steadily in recent years, outpacing overall inflation.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of workers employed in the wholesale trade industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Wholesale trade wages are a key economic indicator used to gauge labor market conditions, industry-specific cost pressures, and overall economic performance in the District of Columbia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wholesale trade wages and salaries are closely monitored by policymakers, economists, and businesses to assess the state of the local economy and potential inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in District of Columbia (DCWWHO), retrieved from FRED.