All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Virginia
SMU51000008081300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.40
Year-over-Year Change
2.93%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in religious, grantmaking, civic, professional, and similar organizations located in the state of Virginia. It provides insight into the size and employment trends of this important sector of the Virginia 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: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Virginia data series tracks the total number of employees in organizations that fall under the North American Industry Classification System (NAICS) code 813, which includes religious, grantmaking, civic, professional, and similar organizations. This metric offers valuable information about the scale and dynamics of this service-oriented industry within the Virginia economy.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is useful for policymakers, economists, and analysts seeking to understand the economic role and performance of the nonprofit and service sector in Virginia.
Key Facts
- Virginia has over 30,000 religious, grantmaking, civic, and professional organizations.
- This sector employs more than 300,000 workers in the state.
- Employment in these organizations has grown by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in religious, grantmaking, civic, professional, and similar organizations located in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the size and employment trends of an important service-oriented sector within the Virginia economy, which is useful for policymakers, economists, and other analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers, economists, and analysts to understand the economic role and performance of the nonprofit and service sector in Virginia.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Virginia (SMU51000008081300001A), retrieved from FRED.