All Employees: Wholesale Trade in the District of Columbia
SMU11000004100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
12.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Wholesale Trade in the District of Columbia' trend measures the total number of employees in the wholesale trade industry in the District of Columbia. This metric is a key indicator of economic activity and business conditions in the regional 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 total nonfarm payroll employment in the wholesale trade industry located within the District of Columbia. It provides insights into the health and hiring trends of wholesale businesses, which are an important component of the local economy.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment trend to assess the strength of the District's wholesale sector and its contribution to the overall economy.
Key Facts
- Wholesale trade accounts for about 3% of total employment in the District of Columbia.
- Wholesale employment in DC has grown by 8% over the past 5 years.
- The District's wholesale sector employs over 13,000 workers as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the wholesale trade industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: The wholesale trade employment level is an important indicator of business activity and economic conditions in the District's commercial sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this wholesale employment data to assess the strength of the District's commercial economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag, so the most recent figures may not fully reflect current conditions.
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Citation
U.S. Federal Reserve, All Employees: Wholesale Trade in the District of Columbia (SMU11000004100000001A), retrieved from FRED.