Overall unemployment rate moved down to 2.6% with the biggest shift in Government, which gained 700 roles, based on the most recently available information published in December 2021.
Total employment in the Blacksburg-Christiansburg-Radford, VA market rose by 1,094 jobs in October and the unemployment rate decreased compared to the prior month by 20 bps to 2.6%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Blacksburg-Christiansburg-Radford, VA unemployment rate is 166 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in October versus prior month by -1.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.7% . Key sectors include:
- Government: 26,400; +700
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.