All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Virginia
SMU51000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
249.10
Year-over-Year Change
-1.03%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the administrative, support, waste management, and remediation services sector in Virginia. It provides insights into the state's professional and business services industry.
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: Administrative and Support and Waste Management and Remediation Services in Virginia metric tracks the number of people employed in these service-based industries within the state. It is a key indicator of the health and growth of Virginia's business support services sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to assess the strength of Virginia's economy and the broader professional services industry.
Key Facts
- Virginia's administrative and support services employed over 280,000 people as of 2022.
- This sector has grown by 15% in Virginia over the past 5 years.
- Administrative and support services account for over 8% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the administrative, support, waste management, and remediation services sector within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Virginia's professional and business services industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the strength of Virginia's economy and the broader professional services industry, informing economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Virginia (SMU51000006056000001), retrieved from FRED.