Overall unemployment rate stayed flat at 2.6% with the biggest shift in Government, which lost 200 roles, based on the most recently available information published in April 2022.
Total employment in the Blacksburg-Christiansburg-Radford, VA market declined by 112 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Blacksburg-Christiansburg-Radford, VA unemployment rate is 115 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 3.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:
- Government: 26,700; -200
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.