All Employees: Manufacturing in Virginia
SMU51000003000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
243.90
Year-over-Year Change
5.31%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Manufacturing in Virginia metric tracks the total number of people employed in the manufacturing sector within the state of Virginia. This data point is crucial for understanding economic trends and labor market conditions.
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: Manufacturing in Virginia series represents the total number of people employed in the manufacturing industry across the state. This metric is a key indicator of the health and performance of Virginia's industrial economy and can inform economic policymaking.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This manufacturing employment trend is closely watched by economists, investors, and policymakers to gauge the strength of Virginia's economy.
Key Facts
- Virginia is the 12th largest manufacturing state by GDP.
- Manufacturing accounts for over 7% of Virginia's total employment.
- The All Employees: Manufacturing metric has shown steady growth since the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Manufacturing in Virginia metric tracks the total number of people employed in the manufacturing sector within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing employment data is a key indicator of the health and performance of Virginia's industrial economy, making it crucial for understanding economic trends and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This manufacturing employment trend is closely watched by economists, investors, and policymakers to gauge the strength of Virginia's economy and inform economic decision-making.
Q: Are there update delays or limitations?
A: The All Employees: Manufacturing in Virginia data is published monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing in Virginia (SMU51000003000000001A), retrieved from FRED.