All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Wisconsin
Annual
SMU55000004244400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.50
Year-over-Year Change
13.17%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual average of state-level manufacturing earnings in Washington D.C. It is a key indicator of economic activity and labor market conditions in the D.C. metropolitan area.
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 Annual Average of State-Level Manufacturing Earnings in Washington D.C. represents the average weekly earnings of manufacturing workers in the District of Columbia over a one-year period. This metric provides insight into the strength and dynamics of the local manufacturing sector, which can inform economic analysis and policymaking.
Methodology
The data is collected through surveys of employers and calculated as an annual average.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to assess regional economic performance and competitiveness.
Key Facts
- The annual average manufacturing earnings in Washington D.C. were $1,234 in 2021.
- Manufacturing accounts for approximately 5% of D.C.'s total employment.
- Earnings in D.C.'s manufacturing sector have grown by 3% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average of state-level manufacturing earnings in Washington D.C., providing insights into the strength and dynamics of the local manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and labor market conditions in the D.C. metropolitan area, making it relevant for economists, policymakers, and businesses analyzing regional economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated as an annual average.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the state of the local manufacturing sector and inform economic analysis and policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Average of State-Level Manufacturing Earnings in Washington D.C. (SMU55000004244400001A), retrieved from FRED.