All Employees: Construction: Heavy and Civil Engineering Construction in Virginia
SMU51000002023700001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.05
Year-over-Year Change
2.94%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the heavy and civil engineering construction industry in Virginia. It provides insight into the state's construction activity and infrastructure investment.
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: Heavy and Civil Engineering Construction in Virginia series tracks the total employment in this key construction sector. It is an important indicator of economic growth, public investment, and overall construction industry health in the state.
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 policymakers, construction firms, and economic analysts to gauge Virginia's infrastructure development and broader economic conditions.
Key Facts
- Virginia's heavy/civil construction industry employs over 30,000 workers.
- Employment in this sector has grown by 10% over the past 5 years.
- The industry accounts for 15% of total construction jobs in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the heavy and civil engineering construction industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of construction activity and infrastructure investment in Virginia, making it a key indicator for policymakers, industry firms, and economic analysts.
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: This trend is closely watched by policymakers to gauge Virginia's infrastructure development and broader economic conditions, informing decisions on public investment and construction industry policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month release lag, providing timely insight into the construction industry's performance.
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Citation
U.S. Federal Reserve, All Employees: Construction: Heavy and Civil Engineering Construction in Virginia (SMU51000002023700001SA), retrieved from FRED.