All Employees: Computer Systems Design and Related Services in Virginia
SMU51000006054150001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173.40
Year-over-Year Change
16.30%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Computer Systems Design and Related Services in Virginia' trend measures employment in the computer systems design industry in the state of Virginia. This data provides insights into the strength and growth of this key technology sector within the Virginia 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
This economic trend tracks the total number of individuals employed in the computer systems design and related services industry in the state of Virginia. This metric is used by economists and policymakers to monitor the health and expansion of the technology workforce in the state.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in computer systems employment are closely watched as an indicator of technological innovation and economic competitiveness.
Key Facts
- Virginia is home to over 20,000 computer systems design employees.
- This industry has grown by over 30% in the past decade in Virginia.
- Computer systems design is a key driver of economic growth in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the computer systems design and related services industry within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Trends in computer systems employment are closely watched as an indicator of technological innovation and economic competitiveness within the state.
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: Policymakers and economists use this data to monitor the health and expansion of the technology workforce in Virginia, which is a key driver of economic growth.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, All Employees: Computer Systems Design and Related Services in Virginia (SMU51000006054150001A), retrieved from FRED.