All Employees: Other Services: Repair and Maintenance in Virginia
SMU51000008081100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.99
Year-over-Year Change
7.11%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic indicator tracks the number of employees in the repair and maintenance services industry in Virginia. It provides insight into the state's service sector activity and can inform economic policymaking.
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 measures the total number of employees in the repair and maintenance services industry within the state. This metric is used to assess the health and trends of Virginia's service-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator is relevant for policymakers and analysts monitoring the service sector and economic conditions in Virginia.
Key Facts
- Virginia's repair and maintenance services employed over 60,000 workers as of the latest data.
- This industry accounts for approximately 2% of total non-farm employment in the state.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees in the repair and maintenance services industry within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and trends of Virginia's service-based economy, which is important for policymakers and economic analysts.
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 indicator is relevant for policymakers and analysts monitoring the service sector and economic conditions in Virginia.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Repair and Maintenance in Virginia (SMU51000008081100001SA), retrieved from FRED.