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New Va. unemployment claims down 32%
New claims dropped under 2,000, but continued claims rose 480
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Virginia’s new unemployment claims declined by almost 32%, the Virginia Employment Commission reported Thursday. For the filing week ending Jan. 22, Virginians filed 1,940 initial claims, down 909 from the
Roaring ’20s repeat possible, Richmond Fed president says
Barkin predicts goods inflation will ease as supply issues lessen
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Federal Reserve Bank of Richmond President and CEO Thomas Barkin said he could visualize another round of the “roaring ’20s,” he said Thursday during the Virginia Bankers Association/Virginia Chamber 2022
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Fifth District economy has moderate growth, Fed says
Shortages in labor and supply continue to hamper growth
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The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) saw modest growth but was constrained by supply issues and labor shortages, according to the
Va. had fewer job openings in October
Decrease of 28,000 from September largest among states
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Virginia had 308,000 job openings in October, the largest drop in openings among U.S. states, as well as 108,000 quits, according to U.S. Bureau of Labor Statistics’ latest Job Openings
Va. had record 328,000 job openings in September
Va. had 8,000 more job openings than record set in July
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Virginia had 328,000 job openings in September and 123,000 quits, 4,000 fewer quits than the April 2021 peak, according to U.S. Bureau of Labor Statistics’ latest Job Openings and Labor
Seeking a cure
Nursing shortage has health systems scrambling
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Ashley Apple has advice for those hoping to understand the burden nurses face as COVID-19 surges once again while hospitals suffer staff shortages. “Think of the worst day you’ve ever
NoVa biz leaders optimistic about recovery
Labor shortages remain problem, though, according to workforce index
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Northern Virginia businesses are optimistic about economic recovery but are feeling the effects of labor shortages, according to the 2021 Northern Virginia Workforce Index released Wednesday by Northern Virginia Community
The Great American Labor Shortage
Desperate employers, wary workers and big incentives
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At Dough Boy’s Pizza, summer typically brings a steady stream of job applicants seeking work at one of the restaurant’s three locations on the Virginia Beach Oceanfront. But “this year,
State program would incentivize new workers with up to $1,000
To ease labor shortage, state will match up to $500 in payments to workers at eligible small businesses
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To combat Virginia’s tight labor market, the state plans to invest $3 million in a program to provide new employees of qualifying small businesses with up to $1,000 to support
Labor market recovery slowed during early February
Employment remains at only 68.6%
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Labor market recovery slowed during the week of Feb. 7 through Feb. 13, according to Virginia Commonwealth University and Arizona State University economists. Between early January and early February, employment