All Employees: Other Services: Repair and Maintenance in Virginia
SMU51000008081100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.40
Year-over-Year Change
7.16%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the repair and maintenance services industry in Virginia. It provides insights into the state's service sector and economic activity.
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: Other Services: Repair and Maintenance in Virginia' series tracks the total number of employees in businesses that provide repair and maintenance services across Virginia. This metric is used to assess the strength and performance of this key service industry within the state's economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to understand the health of Virginia's service sector and the broader state economy.
Key Facts
- Virginia has over 34,000 repair and maintenance service employees.
- This industry accounts for 2.5% of the state's total employment.
- Repair and maintenance services have seen steady growth in Virginia over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the repair and maintenance services industry across the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and health of a key service sector within Virginia's economy, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the strength of Virginia's service sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Repair and Maintenance in Virginia (SMU51000008081100001), retrieved from FRED.