All Employees: Management of Companies and Enterprises in West Virginia
SMU54000006055000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.60
Year-over-Year Change
13.43%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the total number of employees in the management of companies and enterprises industry in West Virginia. It is an important indicator of economic activity and employment conditions in the state.
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: Management of Companies and Enterprises in West Virginia series tracks the total number of people employed in the management of companies and enterprises sector within the state. This metric provides insight into the strength and growth of the managerial and administrative components of West Virginia's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, analysts, and businesses to gauge the overall health and direction of West Virginia's economy.
Key Facts
- West Virginia has over 20,000 people employed in the management of companies and enterprises industry.
- This sector accounts for approximately 3% of total private employment in the state.
- Employment in management of companies has grown by 10% in West Virginia over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the management of companies and enterprises industry within the state of West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insight into the administrative and managerial components of West Virginia's economy, which is useful for assessing overall economic conditions and business activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor this employment trend to gauge the health and direction of West Virginia's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Management of Companies and Enterprises in West Virginia (SMU54000006055000001A), retrieved from FRED.