All Employees: Professional and Business Services: Management of Companies and Enterprises in Virginia
SMU51000006055000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.30
Year-over-Year Change
0.86%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the management of companies and enterprises sector within the professional and business services industry in Virginia. It provides insight into the strength of this key part of the state's economy.
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: Management of Companies and Enterprises in Virginia metric tracks the number of people employed in the management of companies and enterprises subsector across the state. This data point offers analysts a window into the health and growth of this important industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by policymakers and economists to assess the broader professional services landscape and economic conditions in Virginia.
Key Facts
- Virginia's professional and business services sector accounts for over 15% of total state employment.
- Management of companies and enterprises is a key subsector within professional services.
- Employment in this industry has grown by over 20% in Virginia since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the management of companies and enterprises subsector within the professional and business services industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the health and growth of an important component of Virginia's professional services industry, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers and economists to assess the broader professional services landscape and economic conditions in Virginia.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the U.S. Bureau of Labor Statistics' establishment surveys.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Management of Companies and Enterprises in Virginia (SMU51000006055000001), retrieved from FRED.