All Employees: Utilities in Virginia
SMU51000004322000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.40
Year-over-Year Change
7.55%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the utilities industry in the state of Virginia. It provides insight into the labor dynamics and production capacity of a key infrastructure sector.
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: Utilities in Virginia metric measures the total number of people employed in electricity, natural gas, water, and other utility-related industries across the state. This metric is used by economists and policymakers to assess the relative strength and growth of Virginia's utilities sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in utility employment are closely watched as indicators of broader economic conditions and investment.
Key Facts
- Virginia utilities employ over 20,000 people.
- Utility jobs make up about 1% of total employment in Virginia.
- Utility employment has grown by 8% in Virginia over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the utilities industry in the state of Virginia, including jobs in electricity, natural gas, water, and other utility-related sectors.
Q: Why is this trend relevant for users or analysts?
A: Utility employment is an important indicator of the strength and growth of a state's critical infrastructure, which is crucial for supporting broader economic activity and development.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in utility employment are closely monitored by policymakers and economists as signals of investment, production capacity, and overall economic conditions within a state or region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. While comprehensive, the survey-based methodology may not capture all employment changes in this sector.
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Citation
U.S. Federal Reserve, All Employees: Utilities in Virginia (SMU51000004322000001A), retrieved from FRED.