All Employees: Financial Activities in West Virginia
This dataset tracks all employees: financial activities in west virginia over time.
Latest Value
25.80
Year-over-Year Change
3.61%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the financial activities sector in West Virginia. It provides valuable insights into the health and growth of the state's financial industry.
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: Financial Activities in West Virginia metric tracks the total employment in the financial services, insurance, real estate, rental, and leasing industries within the state. This data is used by economists and policymakers to assess the economic conditions and labor market trends in West Virginia's financial sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Historical Context
This trend is closely monitored by financial institutions, investors, and government agencies to understand the dynamics of West Virginia's economy.
Key Facts
- West Virginia's financial activities sector employs over 40,000 people.
- Employment in this sector has grown by 5% over the past 5 years.
- The financial activities industry accounts for 6% of West Virginia's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the financial activities sector in the state of West Virginia, including industries such as finance, insurance, real estate, and leasing.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the health and growth of West Virginia's financial industry, which is a key contributor to the state's economy. It provides insights that can inform economic policies and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions closely monitor this trend to assess the conditions and outlook of West Virginia's financial sector, which can inform decisions related to economic development, workforce planning, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of 1-2 months from the reference period. There may be limitations in capturing the full scope of employment in certain financial activities sectors.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in West Virginia (SMU54000005500000001A), retrieved from FRED.