Information Wages and Salaries in Virginia
VAWINF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,091,448.00
Year-over-Year Change
23.01%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Information Wages and Salaries in Virginia' series measures average weekly earnings for the information industry in the state of Virginia. This key economic indicator provides insights into labor market trends and productivity in a critical sector.
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 information industry encompasses businesses in publishing, telecommunications, data processing, and other technology-focused fields. Tracking wage and salary data for this sector helps analysts and policymakers understand workforce dynamics, cost pressures, and economic competitiveness.
Methodology
Data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Information industry wages and salaries are closely watched for their influence on consumer spending, inflation, and broader economic conditions.
Key Facts
- Virginia's information sector employs over 200,000 workers.
- Average weekly earnings in this industry exceed the state's overall private-sector average.
- Information wages have grown faster than the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Information Wages and Salaries in Virginia' series tracks average weekly earnings for businesses in publishing, telecommunications, data processing, and other information-focused industries within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor market dynamics and productivity in a critical sector, which can inform decisions around economic policy, investment, and workforce development.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Information industry wages and salaries are closely watched by policymakers, economists, and market analysts for their influence on consumer spending, inflation, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay before the latest figures are released.
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Citation
U.S. Federal Reserve, Information Wages and Salaries in Virginia (VAWINF), retrieved from FRED.