Overall unemployment rate stayed flat at 3.0% with the biggest shift in Government, which lost 200 roles, based on the most recently available information published in August 2022.
Total employment in the Blacksburg-Christiansburg-Radford, VA market rose by 181 jobs in July and the unemployment rate stayed flat. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Blacksburg-Christiansburg-Radford, VA unemployment rate is 78 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 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 4.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Government: 22,000; -200
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.