All Employees: Repair and Maintenance in Virginia
SMU51000008081100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.50
Year-over-Year Change
11.94%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the repair and maintenance industry in Virginia. It provides valuable insights into the state's service sector and labor market 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: Repair and Maintenance in Virginia indicator tracks the employment levels in businesses that provide repair and maintenance services across the state. This data is used by economists and policymakers to assess the health and growth of Virginia's service economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding the demand for repair and maintenance services, which can reflect broader economic conditions and consumer confidence.
Key Facts
- Virginia has over 50,000 repair and maintenance workers.
- This sector accounts for 2.5% of the state's total employment.
- Employment in this industry has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the repair and maintenance industry across the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and growth of Virginia's service sector, which is an important part of the state's overall economy.
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 economists use this metric to assess economic conditions and consumer demand in Virginia, which can inform decisions around economic development and workforce planning.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, so it may not reflect the most recent economic conditions.
Related Trends
Average Weekly Earnings of All Employees: Other Services in Virginia
SMU51000008000000011A
Average Weekly Earnings of All Employees: Leisure and Hospitality in Virginia
SMU51000007000000011A
Monthly State Retail Sales: Clothing and Clothing Accessories Stores in Virginia
MSRSVA448
Housing Inventory: New Listing Count in Virginia
NEWLISCOUVA
Employment Level for Virginia
EMPLOYVA
High-Propensity Business Applications: Total for All NAICS in Virginia
BAHBATOTALSAVA
Citation
U.S. Federal Reserve, All Employees: Repair and Maintenance in Virginia (SMU51000008081100001A), retrieved from FRED.