Business Applications with Planned Wages for Virginia
Number
WBUSAPPWNSAVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
230.00
Year-over-Year Change
-14.81%
Date Range
6/10/2006 - 8/2/2025
Summary
The 'Number' trend measures the number of individuals who are not in the labor force but want a job. This statistic is closely watched by economists and policymakers as it provides insight into labor market dynamics.
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 'Number' trend represents the population of working-age individuals who are outside the labor force but would like to be employed. This metric is used to assess the broader state of the labor market and potential labor supply.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Policymakers and analysts utilize this trend to gauge labor market slack and inform economic and workforce development strategies.
Key Facts
- The 'Number' trend reached a peak of 5.7 million in April 2020.
- The metric has steadily declined since the COVID-19 pandemic.
- Individuals counted in this trend are not officially part of the labor force.
FAQs
Q: What does this economic trend measure?
A: The 'Number' trend measures the population of working-age individuals who are outside the labor force but want a job.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market dynamics and potential labor supply, which is important for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this trend to gauge labor market slack and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and coverage of the Current Population Survey.
Related Trends
Real Gross Domestic Product: Manufacturing (31-33) in Virginia
VAMANRQGSP
Business Applications from Corporations for Virginia
CBUSAPPWNSAVA
Number of Identified Exporters to Portugal from Virginia
VAPRTA475SCEN
Commercial Carbon Dioxide Emissions, All Fuels for Virginia
EMISSCO2TOTVCCTOVAA
Residential Carbon Dioxide Emissions, Kerosene for Virginia
EMISSCO2VKSRCBVAA
All Employees: Management of Companies and Enterprises in Virginia
SMU51000006055000001A
Citation
U.S. Federal Reserve, Number (WBUSAPPWNSAVA), retrieved from FRED.