Overall unemployment rate moved down to 2.8% , based on the most recently available information published in September 2021.
Total employment in the Winchester, VA-WV market declined by 27 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 2.8%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Winchester, VA-WV unemployment rate is 249 bps below the national rate which is a positive sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 6% 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:
- Transportation & Utilities: 14,400; no change
- Government: 9,500; no change
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.