Overall unemployment rate moved down to 4.1% with the biggest shift in Transportation & Utilities, which lost 200 roles, based on the most recently available information published in April 2021.
Total employment in the Winchester, VA-WV market rose by 422 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 4.1%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Winchester, VA-WV unemployment rate is 245 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 6.9% and are down 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: 14,700; -200
- Government: 9,600; +200
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.