Overall unemployment rate moved down to 3.0% with the biggest shift in Government, which lost 200 roles, based on the most recently available information published in September 2021.
Total employment in the Winchester, VA-WV market rose by 782 jobs in July and the unemployment rate decreased compared to the prior month by 50 bps to 3.0%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Winchester, VA-WV unemployment rate is 266 bps below the national rate which is a positive sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 7.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.2%. Key sectors include:
- Transportation & Utilities: 14,400; -100
- Government: 9,500; -200
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.