All Employees: Total Private in Virginia
SMS51000000500000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,510.20
Year-over-Year Change
0.81%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Total Private in Virginia' trend measures the total number of private sector employees in the state of Virginia. This metric is a key indicator of economic activity and labor market conditions in the state.
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 represents the total number of private sector employees, including both full-time and part-time workers, in the state of Virginia. It is a widely-used barometer of the overall health and performance of Virginia's private economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the strength of Virginia's private labor market and broader economic conditions.
Key Facts
- Virginia has the 12th largest economy in the U.S.
- The private sector accounts for over 80% of total employment in Virginia.
- Total private employment in Virginia has increased by over 7% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private sector employees in the state of Virginia, including both full-time and part-time workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health and performance of Virginia's private economy, providing insights into labor market conditions and economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to gauge the strength of Virginia's private labor market and broader economic conditions, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around one month between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Total Private in Virginia (SMS51000000500000001), retrieved from FRED.