Forestry, Fishing, Related Activities and Other Wages and Salaries in Virginia
VAWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
290,056.00
Year-over-Year Change
2.72%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities and Other Wages and Salaries in Virginia' trend measures the total wages and salaries paid to workers in Virginia's forestry, fishing, and related industries. This metric provides insight into the economic activity and labor market conditions in these important natural resource sectors.
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 data series tracks the total compensation paid to employees in Virginia's forestry, fishing, and other natural resource-based industries. It serves as an indicator of production, employment, and income trends in these key economic sectors within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government agencies.
Historical Context
Policymakers and analysts use this metric to monitor the health and competitiveness of Virginia's natural resource industries.
Key Facts
- Virginia is a leading producer of timber and seafood in the United States.
- Forestry and fishing account for over 25,000 jobs in Virginia.
- Wages in these industries have grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to workers in Virginia's forestry, fishing, and related natural resource industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and labor market conditions in key natural resource sectors within the state of Virginia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the health and competitiveness of Virginia's forestry, fishing, and other natural resource-based industries.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in Virginia (VAWFOR), retrieved from FRED.