All Employees: Financial Activities in West Virginia
This dataset tracks all employees: financial activities in west virginia over time.
Latest Value
25.60
Year-over-Year Change
-0.78%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Financial Activities in West Virginia' trend measures the total number of people employed in the financial services industry in the state of West Virginia. This metric is a key indicator of economic activity and employment in the financial 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
This series tracks the total employment levels across industries related to finance, insurance, and real estate in West Virginia. It provides insight into the size and health of the state's financial services sector, which is an important component of the overall economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the performance and outlook of West Virginia's financial industry.
Key Facts
- West Virginia has over 30,000 workers in financial activities.
- Financial services account for approximately 5% of the state's total employment.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Financial Activities in West Virginia' trend measures the total number of people employed in the financial services industry in the state of West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and health of West Virginia's financial services sector, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance and outlook of West Virginia's financial industry, which informs economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short delay, providing timely insights into the financial services employment in West Virginia.
Related News
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
Unpredictability of Interest Rate Direction in the United States
Navigating the Unpredictability of Interest Rates Interest rates have turned into one of the most unpredictable elements in the American financial landscape. This unpredictability stems largely from the nuanced decisions of the Federal Reserve, often referred to as the Fed, whose policies ripple through financial markets, influencing borrowing costs for everyone from ambitious entrepreneurs to families securing mortgages. The web of economic indicators, which serves as the backbone for interest
U.S. Stocks Hit New Highs After Federal Reserve Meeting
S&P 500 Hits All-Time Highs Post-Federal Reserve Meeting The S&P 500 record high signifies a landmark achievement for the U.S. stock market, further amplified by recent financial developments. Following a pivotal Federal Reserve meeting, U.S. stocks hit new highs, with the S&P 500 performance, Dow Jones reaching new records, and Nasdaq soaring to a peak, collectively illustrating a robust market outlook. This surge reflects strong investor sentiment, with the Fed's policy announcements acting a
Impact of U.S. Treasury Yields Rise After Fed Rate Cut
The Impact of a Treasury Yield Rise on the U.S. Economy After a Fed Rate Cut The current rise in the 10-year Treasury bond rate has caught the attention of economists, investors, and policymakers alike. Treasury yields, particularly the 10-year Treasury bond rate, act as a key indicator of the economic outlook in the United States. They affect interest rates, the bond market, and expectations for inflation. Understanding their fluctuations can offer insight into financial markets and help guide
U.S. Housing Leader Relies on Fed Amid Profit Challenges
Navigating the Impact of Federal Reserve Policies on a Leading S&P 500 Housing Company The Federal Reserve's decisions often hold the key to the economic direction of entire industries. As a prime example, consider how these policies affect a major S&P 500 housing company currently grappling with profit declines. This scenario underscores the critical role of Federal Reserve actions, including adjustments to the effective Federal Funds Rate, in shaping corporate strategies amid financial diffic
Similar WVFIRE Trends
Citation
U.S. Federal Reserve, All Employees: Financial Activities in West Virginia (WVFIRE), retrieved from FRED.