Overall unemployment rate moved down to 2.4% with the biggest shift in Government, which gained 2,700 roles, based on the most recently available information published in November 2022.
Total employment in the Blacksburg-Christiansburg-Radford, VA market rose by 2,526 jobs in September and the unemployment rate decreased compared to the prior month by 70 bps to 2.4%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Blacksburg-Christiansburg-Radford, VA unemployment rate is 92 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 10.8% . Key sectors include:
- Government: 27,700; +2,700
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.