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Fed’s Fifth District economy expands slightly
Supply chain disruptions, backlogs easing
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has expanded slightly since October, according to the latest
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Branch builds career pipeline for girls
Published
Women made up about 11% of the construction workforce in 2021, but that doesn’t mean they were all on site wearing a hard hat. That percentage includes women in office
Va. CEOs say labor shortages, inflation hurting business
Sales, employment expectations lower than Q1, Q2
Published
Labor shortages and inflation are negatively impacting Virginia businesses, and expectations for sales, employment and capital spending are less positive than during the previous two quarters, according to the third
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Richmond Fed: Va. gained 8,000 jobs in Sept.
Three jobs open for every unemployed person in state
Published
Virginia employers added 8,000 net jobs in September, marking the first month in which total employment has exceeded pre-pandemic levels, representatives from the Federal Reserve Bank of Richmond said Friday.
Kings Dominion to remain open year-round
Hanover theme park adds nine weekends to operating calendar
Published
Kings Dominion will expand to year-round operations beginning in January, the Doswell theme park announced Tuesday. The park will now be open an additional nine weekends, or 18 more days,
Va. layoffs and discharges down in June
However, 8.6% more workers quit jobs than last year
Published
Virginia companies put the brakes on layoffs in June, even as workers continued to seek new opportunities, refueling the Great Resignation. Virginia had 28,000 layoffs and discharges in June, a
Va. CEOs expect increased sales despite shortages
In Q1 survey, 70% expect sales to increase in next six months
Published
About 70% of CEOs expect sales to increase in the next six months, despite supply chain and labor shortages, according to the first quarter CEO Economic Outlook survey conducted by
VEC reduces backlog by 89%
Backlog of separation claims down to to 27,728 from 246,273
Published
The Virginia Employment Commission has decreased its backlog by nearly 89%, Gov. Glenn Youngkin announced Monday. The VEC reduced the backlog of employment separation reports from 246,273 to 27,728 and
GOP lawmakers push to protect workers who decline COVID vaccines
Bill would allow fired unvaccinated workers to receive unemployment benefits
Published
RICHMOND, Va. – Lawmakers narrowly passed a bill this month that would allow people fired for refusing a COVID-19 vaccine to receive unemployment benefits if no other misconduct took place.
New Va. jobless claims inch up
Continued claims down, but new claims rose slightly
Published
Virginia’s new unemployment claims rose just slightly for the week ending Jan. 29, the Virginia Unemployment Commission reported Thursday. Virginians filed 2,157 claims for the last week of January, an