Overall unemployment rate moved up to 3.4% , based on the most recently available information published in June 2021.
Total employment in the Staunton-Waynesboro, VA market rose by 124 jobs in May and the unemployment rate increased compared to the prior month by 20 bps to 3.4%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Staunton-Waynesboro, VA unemployment rate is 210 bps below the national rate which is a positive sign.
- Unemployment in the market is 420 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -4.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 8,500; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.