All Employees: Education and Health Services in Virginia
SMU51000006500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
609.60
Year-over-Year Change
26.89%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the education and health services sector in Virginia. It serves as an important indicator of labor market conditions and service-sector activity in the state.
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: Education and Health Services in Virginia metric measures the total number of employees working in the education, healthcare, and social assistance industries within the state. This data helps economists and policymakers assess the health and growth of Virginia's service-producing economy.
Methodology
The data is collected through monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this series can inform state-level economic and workforce development policies.
Key Facts
- Virginia's education and health services sector employs over 800,000 workers.
- This industry accounts for nearly 20% of total non-farm employment in the state.
- Employment in this sector has grown by over 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the education, healthcare, and social assistance industries in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in Virginia's education and health services sector provides insight into the strength of the state's service-producing economy and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this series can inform state-level economic and workforce development policies, as well as help analysts assess the health of Virginia's service-producing industries.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical one-month lag, so it provides timely information on current conditions in the sector.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services in Virginia (SMU51000006500000001A), retrieved from FRED.