All Employees: Personal and Laundry Services in Virginia
SMU51000008081200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.40
Year-over-Year Change
16.18%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the personal and laundry services industry in Virginia. It provides insight into the labor market and service-sector activity in the state.
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 All Employees: Personal and Laundry Services in Virginia series tracks the total employment levels in establishments providing personal and laundry services within the state. This data is used by economists and policymakers to assess economic conditions and trends in the services industry.
Methodology
The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the health of Virginia's service sector and consumer-facing businesses.
Key Facts
- Virginia has over 32,000 personal and laundry service employees.
- This industry accounts for 1.2% of total employment in the state.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the personal and laundry services industry within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the health and activity of Virginia's service sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this employment data to assess economic conditions and trends in Virginia's service industry, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Personal and Laundry Services in Virginia (SMU51000008081200001A), retrieved from FRED.