Overall unemployment rate stayed flat at 2.8% with the biggest shift in Government, which lost 100 roles, based on the most recently available information published in May 2023.
Total employment in the Blacksburg-Christiansburg-Radford, VA market rose by 797 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Blacksburg-Christiansburg-Radford, VA unemployment rate is 82 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 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 10.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Government: 26,500; -100
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.