Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Virginia
SMU51000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
961.01
Year-over-Year Change
3.18%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic indicator tracks the average weekly earnings of all employees in the trade, transportation, and utilities sector in Virginia. It provides insights into wage trends and cost of living 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
The Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Virginia metric measures the average weekly gross pay of workers in this key economic sector. It is used to analyze labor market conditions, consumer purchasing power, and inflationary pressures within the state.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator is closely watched by policymakers, economists, and businesses to understand the economic climate and cost of living dynamics in Virginia.
Key Facts
- Virginia's trade, transportation, and utilities sector employs over 1 million workers.
- Average weekly earnings in this sector have risen by 15% over the past 5 years.
- Wage growth has outpaced the state's overall inflation rate during this period.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly gross pay of employees in Virginia's trade, transportation, and utilities sector.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into labor market conditions, consumer purchasing power, and inflationary pressures within a key economic sector of the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this indicator to understand the economic climate and cost of living dynamics in Virginia.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
Similar SMU Trends
All Employees: Management of Companies and Enterprises in Virginia
SMU51000006055000001A
Resident Population in Virginia
VAPOP
Real Personal Income: Nonmetropolitan Portion for Virginia
VANMPRPI
Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Virginia
VAFININSREALNGSP
Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Virginia
VAOTHSERVENQGSP
Covered Employment in Virginia
VACEMPLOY
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Virginia (SMU51000004000000011), retrieved from FRED.