All Employees: Retail Trade in Virginia
SMU51000004200000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
394.10
Year-over-Year Change
-0.05%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Retail Trade in Virginia' metric tracks the number of people employed in the retail sector across the state of Virginia. This data provides valuable insights into consumer spending and economic activity in the region.
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 measures the total number of people employed in retail trade businesses located in Virginia. It is a key indicator of consumer demand and the overall health of the state's economy, as the retail industry is a major driver of economic activity.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Retail employment figures are closely watched by policymakers, analysts, and businesses to assess consumer confidence and spending patterns.
Key Facts
- Virginia's retail sector employs over 500,000 workers.
- Retail trade makes up approximately 11% of Virginia's total nonfarm employment.
- Retail employment in Virginia has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in the retail trade industry across the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Retail employment is a key indicator of consumer spending and overall economic activity in the state, making it highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Retail employment figures are closely monitored by policymakers to assess consumer confidence and spending patterns, which inform economic and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months between the reference period and the publication date.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade in Virginia (SMU51000004200000001), retrieved from FRED.