Overall unemployment rate moved down to 2.4% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in April 2022.
Total employment in the Winchester, VA-WV market rose by 985 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 2.4%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Winchester, VA-WV unemployment rate is 174 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 8.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.7% . Key sectors include:
- Transportation & Utilities: 15,800; +300
- Government: 10,500; +400
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.