Wholesale Trade Wages and Salaries in Virginia
VAWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,243,308.00
Year-over-Year Change
15.17%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Virginia series measures the average earnings of workers in the wholesale trade industry within the state of Virginia. This metric provides insights into the economic health and labor market dynamics of the wholesale 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 Wholesale Trade Wages and Salaries in Virginia series tracks the average hourly or weekly earnings of employees in the wholesale trade industry across the state. This data is used by economists and policymakers to assess trends in the labor market, cost of living, and overall economic conditions in Virginia's wholesale sector.
Methodology
The data is collected through surveys of employers in the wholesale trade industry within Virginia.
Historical Context
This economic indicator is relevant for understanding the state's business environment and guiding policy decisions that impact the wholesale trade industry.
Key Facts
- Virginia's wholesale trade industry employs over 220,000 workers.
- Wholesale wages in Virginia have increased by 15% over the past 5 years.
- The wholesale sector accounts for nearly 8% of Virginia's total GDP.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Virginia series measures the average earnings of workers in the wholesale trade industry within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and labor market dynamics of the wholesale sector, which is an important component of Virginia's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers in the wholesale trade industry within Virginia.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for understanding the state's business environment and guiding policy decisions that impact the wholesale trade industry.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Virginia (VAWWHO), retrieved from FRED.