All Employees: Goods Producing in West Virginia
SMS54000000600000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.40
Year-over-Year Change
2.58%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the goods-producing sector in the state of West Virginia. It is an important indicator of the overall health and strength of the state's manufacturing and industrial economy.
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 All Employees: Goods Producing in West Virginia data series tracks the monthly change in the number of people employed in industries like manufacturing, mining, and construction within the state. This metric provides insights into the performance and outlook of West Virginia's key production-based economic sectors.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and business leaders to assess West Virginia's economic conditions and competitiveness.
Key Facts
- West Virginia's goods-producing sector accounts for over 20% of total state employment.
- Manufacturing is the largest component of the goods-producing workforce in West Virginia.
- Employment in West Virginia's goods-producing industries remains below pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of people employed in the goods-producing industries of West Virginia, including manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and outlook of West Virginia's key production-based economic sectors, which are critical to the state's overall economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and business leaders closely monitor this employment trend to assess West Virginia's economic conditions and make informed decisions about economic development and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Goods Producing in West Virginia (SMS54000000600000001), retrieved from FRED.