All Employees: Construction: Construction of Buildings in Virginia
SMU51000002023600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.41
Year-over-Year Change
-0.25%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of people employed in the construction of buildings in the state of Virginia. It is an important indicator of economic activity and investment in the local construction industry.
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: Construction: Construction of Buildings in Virginia metric tracks the total employment in the building construction sector within the state. This data helps economists and policymakers understand the health and growth of the local construction industry.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by construction firms, real estate developers, and state economic policymakers.
Key Facts
- Virginia is the 12th largest state by population.
- Construction is a major industry in Virginia, employing over 200,000 workers.
- Building construction accounts for over 50% of total construction jobs in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the construction of buildings within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and investment in the local construction industry, which is a key sector of Virginia's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State policymakers and economic development agencies use this data to monitor the health of the construction industry and inform policies that support business investment and job growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Construction: Construction of Buildings in Virginia (SMU51000002023600001SA), retrieved from FRED.