Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Industries Economic Development Virginia unemployment remains unchanged

Virginia unemployment remains unchanged

Published September 15, 2017 by Robert Powell, III

Virginia’s unemployment rate remained unchanged in August at 3.8 percent.

The Virginia Employment Commission (VEC) said the August rate, while the same as July’s, represented a drop of  three-tenths of a percentage from the figure recorded in August 2016, 4.1 percent.

In conjunction with the VEC unemployment announcement, Gov. Terry McAuliffe released a statement saying that 215,100 net new jobs have been created in the commonwealth during his term.

Citing Federal Reserve Bank of St. Louis figures, the governor said total wages and salaries in Virginia have increased by 12.2 percent since January 2014, while average hourly earnings and total personal income have risen by 7.4 and 13.3 percent, respectively.

The VEC numbers released Friday are seasonally adjusted, meaning they take into account seasonal fluctuations in the labor force.

Virginia’s nonfarm employment rose in August for the third consecutive month to 3.98 million, an increase of 2,200 jobs.

Meanwhile, July’s nonfarm employment numbers were revised to show an increase of 11,400 jobs, up from an initial estimate of 8,300 jobs.

During August, employment rose in seven industry sectors while declining in four others.

The biggest increase occurred in private education and health services, up 5,400 jobs to 554,000.

The largest decline was seen in professional and business services, down 6,200 jobs to 735,100. The decline followed eight consecutive months of increased employment in that sector for a total gain of 23,800 jobs.

From August 2016 to August this year, total nonfarm employment in Virginia has risen by 58,700 jobs, an increase of 1.5 percent.

Among Virginia metro areas, Northern Virginia has seen the biggest increase in employment during the past 12 months, 18,200 jobs, followed by the Richmond area, 17,000 jobs, according to VEC figures.

Related Stories

Virginia Business logo

Virginia sees 29.5 percent growth in number of women-owned companies since 2007

Virginia Business logo

Sawmill operation to expand in Pittsylvania County

Virginia Business logo

D.C./Va./Md. COVID-19 task force forms for economic strategy

Connected DMV's 45-person task force will make formal recommendations for economic recovery

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Norfolk’s MacArthur Center mall listed for sale

Framatome CEO retiring; CFO to be promoted

Manassas company to develop short takeoff, landing aircraft for Air Force

Rocket Lab launches first mission from U.S. soil

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Norfolk’s MacArthur Center mall listed for sale

Framatome CEO retiring; CFO to be promoted

Manassas company to develop short takeoff, landing aircraft for Air Force

Rocket Lab launches first mission from U.S. soil

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk