Civilian Labor Force in Virginia
VALF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,558,145.00
Year-over-Year Change
-0.53%
Date Range
1/1/1976 - 6/1/2025
Summary
The Civilian Labor Force in Virginia measures the total number of residents in Virginia who are employed or actively seeking employment. This metric is crucial for understanding the state's labor market dynamics and informing policy decisions.
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 Civilian Labor Force in Virginia is a key economic indicator that tracks the total number of residents in the state who are either employed or actively looking for work. It provides valuable insights into the strength and composition of the state's labor market, which is essential for policymakers, businesses, and economists.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Civilian Labor Force in Virginia is widely used by policymakers, economists, and market analysts to assess the state's economic health and guide decision-making.
Key Facts
- The Civilian Labor Force in Virginia reached a record high of 4.38 million in 2022.
- Virginia's labor force participation rate was 65.3% in 2021, higher than the national average.
- The Civilian Labor Force in Virginia has grown by 2.5% over the past 5 years.
FAQs
Q: What does the Civilian Labor Force in Virginia measure?
A: The Civilian Labor Force in Virginia measures the total number of residents in the state who are either employed or actively seeking employment.
Q: Why is the Civilian Labor Force in Virginia an important economic indicator?
A: The Civilian Labor Force in Virginia provides valuable insights into the strength and composition of the state's labor market, which is essential for policymakers, businesses, and economists to assess the state's economic health and guide decision-making.
Q: How is the Civilian Labor Force in Virginia data collected?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is the Civilian Labor Force in Virginia trend used in economic policy?
A: The Civilian Labor Force in Virginia is widely used by policymakers, economists, and market analysts to assess the state's economic health and guide decision-making.
Q: Are there any delays or limitations in the Civilian Labor Force in Virginia data?
A: The Civilian Labor Force in Virginia data is published monthly with minimal delays, providing timely insights into the state's labor market.
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Citation
U.S. Federal Reserve, Civilian Labor Force in Virginia (VALF), retrieved from FRED.