All Employees: Educational Services in Virginia
SMU51000006561000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.20
Year-over-Year Change
21.13%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'All Employees: Educational Services in Virginia' trend measures the total number of employees in the educational services industry in the state of Virginia. This statistic is a key indicator of economic activity and labor market conditions in the education sector.
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 data series tracks the total number of employees across private and public educational institutions in Virginia, including elementary and secondary schools, colleges, universities, and trade schools. It provides valuable insights into the size and trends of the education workforce, which is an important driver of economic growth and development.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and performance of Virginia's education industry and its broader economic implications.
Key Facts
- Virginia's educational services industry employs over 280,000 workers.
- The sector has seen steady job growth over the past decade.
- Educational services account for over 8% of total employment in Virginia.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Educational Services in Virginia' trend measures the total number of people employed in the educational services industry across the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the size and performance of the education sector, which is a critical part of Virginia's economy and labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments 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 assess the health and growth of Virginia's education industry, which has broader implications for the state's economic development and labor force.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Educational Services in Virginia (SMU51000006561000001A), retrieved from FRED.