All Employees: Transportation and Utilities in Virginia
SMU51000004300000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.30
Year-over-Year Change
45.09%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Transportation and Utilities in Virginia trend measures the total number of people employed in the transportation and utilities sectors in the state of Virginia. This metric provides insight into the strength and stability of these key economic activities.
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 tracks the total employment levels in industries related to transportation, such as air, rail, water, and truck transportation, as well as utilities like electric, gas, and water supply. It offers a high-level view of labor market conditions in these vital infrastructure sectors.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this employment trend to gauge the health and productivity of Virginia's transportation and utilities industries.
Key Facts
- Virginia is a major transportation hub on the East Coast.
- Utilities account for about 2% of total employment in the state.
- Transportation and utilities jobs make up nearly 10% of Virginia's workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the transportation and utilities sectors in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and stability of key economic infrastructure industries in Virginia, which is important for assessing the state's overall economic health.
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: Analysts and policymakers use this employment trend to gauge the health and productivity of Virginia's transportation and utilities industries, which are crucial for the state's economic development and infrastructure planning.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Transportation and Utilities in Virginia (SMU51000004300000001A), retrieved from FRED.