All Employees: Goods Producing in Virginia
SMS51000000600000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
477.30
Year-over-Year Change
1.32%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Goods Producing in Virginia' series tracks the total number of workers employed in the goods-producing sector in the state of Virginia. This metric provides important insights into the health and strength of Virginia's manufacturing and industrial economy.
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 goods-producing sector includes industries such as mining, construction, and manufacturing. Monitoring employment trends in this sector is crucial for understanding broader economic conditions, as goods-producing jobs are often sensitive to changes in consumer demand, investment, and overall business activity.
Methodology
This data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely follow this indicator to gauge the performance of Virginia's industrial base and guide decisions on economic development initiatives.
Key Facts
- Virginia's goods-producing sector employs over 400,000 workers.
- Manufacturing accounts for the largest share of goods-producing jobs in the state.
- Employment in this sector has gradually recovered since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Goods Producing in Virginia' series tracks the total number of workers employed in industries like manufacturing, construction, and mining within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in the goods-producing sector is crucial for understanding the overall health and performance of Virginia's industrial and manufacturing base, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: This 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: Policymakers and economists closely follow this indicator to gauge the strength of Virginia's industrial sector and guide decisions on economic development initiatives and policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a short delay in reporting compared to the reference period.
Related Trends
Average Hourly Earnings of All Employees: Private Service Providing in Virginia
SMU51000000800000003A
Coefficient for Residential Carbon Dioxide Emissions, Residential for Virginia
EMISSCO2CCLRCBVAA
Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Virginia
VARERENTLEAQQGSP
Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Virginia
VAFININSREALRGSP
Value of Exports to Australia from Virginia
VAAUSA052SCEN
Coefficient for Transportation Carbon Dioxide Emissions, Motor Gasoline for Virginia
EMISSCO2CMGACBVAA
Citation
U.S. Federal Reserve, All Employees: Goods Producing in Virginia (SMS51000000600000001), retrieved from FRED.