All Employees: Federal Government in Virginia
SMU51000009091000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193.90
Year-over-Year Change
8.93%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Federal Government in Virginia' economic trend measures the total number of federal government employees in the state of Virginia. This metric is important for economists and policymakers to understand regional labor market conditions and public sector workforce trends.
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
This economic series tracks the monthly change in the number of federal government employees, including civilian and military personnel, working in the state of Virginia. It provides insight into the size and dynamics of the public sector job market in the region.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the economic impact of federal government employment and spending in Virginia.
Key Facts
- Virginia has the 5th largest federal workforce in the U.S.
- Federal government is the largest employer in Virginia, accounting for over 15% of total state employment.
- Virginia's federal employment levels have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Federal Government in Virginia' trend measures the total number of federal government employees, both civilian and military, working in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the size and dynamics of the public sector job market in Virginia, which is critical for understanding regional labor market conditions and the economic impact of federal government employment and spending.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the economic impact of federal government employment and spending in Virginia, which is an important driver of the state's economy.
Q: Are there update delays or limitations?
A: The federal employment data for Virginia is published monthly with minimal delays, providing timely information to users.
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Real Gross Domestic Product: Professional and Business Services (54, 55, 56) in Virginia
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Citation
U.S. Federal Reserve, All Employees: Federal Government in Virginia (SMU51000009091000001A), retrieved from FRED.