Overall unemployment rate moved down to 3.2% with the biggest shift in Government, which lost 300 roles, based on the most recently available information published in September 2021.
Total employment in the Staunton-Waynesboro, VA market declined by 598 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 3.2%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Staunton-Waynesboro, VA unemployment rate is 209 bps below the national rate which is a positive sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in August versus prior month by -2.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -3.6%. Key sectors include:
- Government: 8,100; -300
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.