Overall unemployment rate moved down to 2.7% with the biggest shift in Government, which lost 400 roles, based on the most recently available information published in August 2022.
Total employment in the Staunton-Waynesboro, VA market rose by 32 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 2.7%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Staunton-Waynesboro, VA unemployment rate is 108 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 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 1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -4.8%. Key sectors include:
- Government: 7,900; -400
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.