Overall unemployment rate moved up to 2.3% with the biggest shift in Government, which lost 200 roles, based on the most recently available information published in February 2022.
Total employment in the Staunton-Waynesboro, VA market declined by 301 jobs in December and the unemployment rate increased compared to the prior month by 10 bps to 2.3%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Staunton-Waynesboro, VA unemployment rate is 139 bps below the national rate which is a positive sign.
- Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.4%. Key sectors include:
- Government: 8,300; -200
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.