All Employees: Other Services: Personal and Laundry Services in Virginia
SMU51000008081200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.24
Year-over-Year Change
1.67%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the personal and laundry services industry in Virginia, providing insights into the state's service sector and labor market.
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: Personal and Laundry Services in Virginia' series tracks the employment levels in establishments that provide a variety of personal services, such as hair, nail, and skin care, as well as laundry and dry-cleaning services. This metric is a key indicator of economic activity and consumer demand in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, businesses, and economists to gauge the health of Virginia's service-based economy.
Key Facts
- Virginia's personal and laundry services industry employs over 75,000 workers.
- This sector has experienced steady growth in recent years, mirroring the state's overall economic expansion.
- The personal and laundry services industry accounts for approximately 2.5% of Virginia's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the personal and laundry services industry in the state of Virginia, providing insights into the service sector and labor market.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers, businesses, and economists to gauge the health and performance of Virginia's service-based economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the overall economic conditions and consumer demand in Virginia.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Personal and Laundry Services in Virginia (SMU51000008081200001SA), retrieved from FRED.