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Virginia

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Payroll employment in Virginia increased by 3,400 jobs (0.1 percent) in April. The unemployment rate edged down 0.1 percentage point to a rate of 2.8 percent.

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Labor market icon showing three people Labor Market Conditions

  • "Virginia's labor market cooled slightly in April. Total employment rose in the month, but at a slower rate than in the last several months. While the state's unemployment rate declined slightly, the labor force also contracted over the month." — Joseph Mengedoth
  • Total payroll employment in Virginia increased by 3,400 jobs (0.1 percent), on net, in April. Most industries added jobs over the month with the largest increases coming from education and health services (2,500 jobs), professional and business services (1,8000 jobs) and trade, transportation, and utilities (1,700 jobs). Job losses were reported in leisure and hospitality (2,600 jobs) and government (3,600 jobs).
  • On a year-over-year basis, payroll employment increased by 76,800 jobs (1.8 percent), on net. Since last April, the most jobs were added in education and health services (25,500 jobs), followed by government (14,700 jobs) and professional business services (8,700 jobs).
  • The unemployment rate in Virginia edged down 0.1 percentage point in April to a rate of 2.8 percent. At the same time, the state's labor force declined 0.1 percent (4,400 individuals).

Housing Market icon showing a picture of a house Housing Market Conditions

  • Residential permitting activity in Virginia was up 3.4 percent from January to February and up 18.9 percent on a year-over-year basis.
  • According to the Federal Housing Finance Agency, home values in Virginia appreciated 6.5 percent from the fourth quarter of 2022 to the fourth quarter of 2023.
Snapshot Resources
  • Term Definitions

    Payroll Employment
    The number of nonfarm jobs (persons on payrolls) according to where those jobs are located.

    Unemployment Rate
    The number of unemployed persons (those not employed but available and searching for work) as a percent of the civilian labor force (the total number of employed plus unemployed persons).

    Industry Structure
    A breakdown of total nonfarm jobs by industry. Percentages sum to 100 percent.

    Industry Growth
    The percentage change in jobs in each industry from a year ago.

    Building Permits
    The number of privately owned single-family and multi-family units authorized in permit-issuing places.

    House Price Index
    A repeat sales index, measuring average price changes in repeat sales or refinancings on the same single-family properties.

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