Employed Persons in Virginia
LAUST510000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,454,616.00
Year-over-Year Change
12.28%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Employed Persons in Virginia' series tracks the number of employed individuals in the U.S. state of Virginia. This metric is a key indicator of economic activity and the strength of the 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
This data series measures the total number of people employed in Virginia, regardless of industry or occupation. It is an important barometer of the overall health and trajectory of the state's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor employment trends to assess economic performance and guide policy decisions.
Key Facts
- Virginia's employment level reached a record high in 2022.
- The state's unemployment rate has remained below the national average in recent years.
- Service industries account for the largest share of employment in Virginia.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Persons in Virginia' series tracks the total number of people employed in the state of Virginia, regardless of industry or occupation.
Q: Why is this trend relevant for users or analysts?
A: Employment levels are a key indicator of economic activity and the strength of the labor market, making this trend highly relevant for policymakers, economists, and businesses monitoring the performance of the Virginia economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor employment trends to assess economic performance and guide policy decisions, such as interest rate adjustments and fiscal stimulus measures.
Q: Are there update delays or limitations?
A: The employment data is published on a monthly basis, with a typical release lag of approximately one month.
Related Trends
Regional Price Parities: Services: Other: Nonmetropolitan Portion for Virginia
VANMPRPPSERVEOTH
State Government Tax Collections, Total Taxes in Virginia
VATOTLTAX
Business Applications from Corporations: Total for All NAICS in Virginia
BACBATOTALNSAVA
Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Virginia
VARERENTLEAQQGSP
All Employees: Professional and Business Services: Computer Systems Design and Related Services in Virginia
SMU51000006054150001SA
Monthly State Retail Sales: Miscellaneous Store Retailers in Virginia
MSRSVA453
Citation
U.S. Federal Reserve, Employed Persons in Virginia (LAUST510000000000005A), retrieved from FRED.