All Employees: Construction: Specialty Trade Contractors in Virginia
SMU51000002023800001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.70
Year-over-Year Change
7.57%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of specialty trade construction workers employed in Virginia. It provides insights into the state's construction activity and economic conditions.
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: Specialty Trade Contractors in Virginia series tracks the employment levels of specialty trade contractors, such as electricians, plumbers, and HVAC installers, within the construction industry in the state. This data is a key indicator of construction sector performance and overall economic health.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the construction industry's contribution to Virginia's economy and inform infrastructure investment decisions.
Key Facts
- Virginia has the 12th largest construction industry in the U.S.
- Specialty trade contractors account for over 70% of construction jobs in Virginia.
- Construction employment in Virginia has grown by 15% since 2017.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of specialty trade construction workers employed in the state of Virginia, including electricians, plumbers, and HVAC installers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and health of Virginia's construction industry, which is a key driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the construction industry's contribution to Virginia's economy and inform infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of about one month between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Construction: Specialty Trade Contractors in Virginia (SMU51000002023800001), retrieved from FRED.