All Employees: Professional and Business Services: Computer Systems Design and Related Services in Virginia
SMU51000006054150001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.90
Year-over-Year Change
-3.36%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the computer systems design and related services industry in Virginia. It provides insights into the labor market and economic activity in this important technology 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: Professional and Business Services: Computer Systems Design and Related Services in Virginia series tracks the total number of people employed in computer systems design, programming, and IT services in the state. This data is a key indicator of the strength and growth of Virginia's technology industry and labor market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by economists, policymakers, and business leaders to assess the health of Virginia's technology and services sector.
Key Facts
- Virginia has over 300,000 workers in computer systems design and related services.
- This industry accounts for 4.7% of total employment in the state.
- Employment in this sector has grown by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the computer systems design and related services industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the strength and growth of Virginia's technology sector, which is a key driver of the state's economy.
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: Economists, policymakers, and business leaders monitor this employment trend to assess the health of Virginia's technology and services industry and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Computer Systems Design and Related Services in Virginia (SMU51000006054150001), retrieved from FRED.