All Employees: Educational Services: Colleges, Universities, and Professional Schools in Virginia
SMU51000006561130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.30
Year-over-Year Change
16.06%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the educational services industry, specifically colleges, universities, and professional schools, in the state of Virginia. This metric is important for economists and policymakers to understand workforce and employment dynamics 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
The All Employees: Educational Services: Colleges, Universities, and Professional Schools in Virginia trend tracks the total number of individuals employed in these academic institutions across the state. This data provides insight into the size and composition of the education workforce, which is a key component of the overall state economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, education administrators, and economic analysts to monitor employment patterns and workforce needs in the higher education industry.
Key Facts
- Virginia's educational services industry employs over 200,000 workers.
- Employment in this sector has grown by 5% over the past 5 years.
- Colleges and universities are a major economic driver in many Virginia communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in colleges, universities, and professional schools within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the size and dynamics of the education workforce, which is a key component of Virginia's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, education administrators, and economic analysts use this trend to monitor employment patterns and workforce needs in the higher education industry.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the most recent data.
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Citation
U.S. Federal Reserve, All Employees: Educational Services: Colleges, Universities, and Professional Schools in Virginia (SMU51000006561130001A), retrieved from FRED.