All Employees: Information in Virginia
SMU51000005000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.30
Year-over-Year Change
-1.95%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Information in Virginia' trend measures the total number of people employed in the information industry within the state of Virginia. This data provides important insights into the health and growth of Virginia's tech and media sectors.
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 number of nonfarm payroll employees in the information industry, which includes sectors like publishing, telecommunications, data processing, and broadcasting. The information industry is a key driver of economic growth, innovation, and productivity.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this data to monitor the performance of Virginia's information economy and guide economic development strategies.
Key Facts
- Virginia's information sector employs over 220,000 workers.
- The information industry accounts for 6.7% of Virginia's total nonfarm employment.
- Virginia ranks 7th among U.S. states for information industry employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the information industry within the state of Virginia. The information industry includes sectors like publishing, telecommunications, data processing, and broadcasting.
Q: Why is this trend relevant for users or analysts?
A: The information industry is a key driver of economic growth, innovation, and productivity. Tracking employment in this sector provides important insights into the health and performance of Virginia's tech and media economies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to monitor the performance of Virginia's information economy and guide economic development strategies aimed at supporting growth in the tech and media sectors.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months. There may be revisions to previous months' data as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Information in Virginia (SMU51000005000000001A), retrieved from FRED.