All Employees: Administrative and Support and Waste Management and Remediation Services in Virginia
SMU51000006056000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
248.30
Year-over-Year Change
20.53%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of administrative and support, and waste management and remediation services employees in Virginia. It provides valuable insights into the health and growth of these important service sectors within 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: Administrative and Support and Waste Management and Remediation Services in Virginia series tracks the monthly employment levels in these key service industries. This data is used by economists and policymakers to assess the broader economic conditions and labor market trends in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored for its implications on consumer and business services, as well as the overall strength of Virginia's economy.
Key Facts
- Virginia has over 250,000 administrative and support services employees.
- This sector accounts for nearly 8% of total nonfarm employment in the state.
- Employment in waste management and remediation services has grown by 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in administrative and support services, as well as waste management and remediation services, within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and growth of key service sectors that are vital to Virginia's economy. It is closely watched by economists and policymakers.
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 monitored for its implications on consumer and business services, as well as the overall strength of Virginia's economy, and informs economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks, and may be subject to minor revisions over time.
Related Trends
Number of Identified Exporters to Slovenia from Virginia
VASVNA475SCEN
Per Capita Personal Consumption Expenditures: Goods for Virginia
VAPCEPCG
Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Virginia
VAPETCOALMANNGSP
Real Gross Domestic Product: All Industry Total in Virginia
VARGSP
Exports of Goods: Manufactured Commodities for Virginia
EXPMANVA
All Employees: Total Nonfarm in Virginia
VANA
Citation
U.S. Federal Reserve, All Employees: Administrative and Support and Waste Management and Remediation Services in Virginia (SMU51000006056000001A), retrieved from FRED.