Overall unemployment rate moved down to 2.6% with the biggest shift in Government, which gained 100 roles, based on the most recently available information published in April 2023.
Total employment in the Staunton-Waynesboro, VA market rose by 667 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 2.6%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Staunton-Waynesboro, VA unemployment rate is 129 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in February versus prior month by -0.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Government: 8,700; +100
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.