Overall unemployment rate moved up to 4.4% with the biggest shift in Government, which lost 500 roles, based on the most recently available information published in March 2021.
Total employment in the Winchester, VA-WV market rose by 2,160 jobs in January and the unemployment rate increased compared to the prior month by 70 bps to 4.4%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Winchester, VA-WV unemployment rate is 241 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 January versus prior month by 7.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -3.2%. Key sectors include:
- Transportation & Utilities: 14,900; -300
- Government: 9,400; -500
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.