Overall unemployment rate moved up to 2.9% with the biggest shift in Transportation & Utilities, which lost 400 roles, based on the most recently available information published in March 2023.
Total employment in the Winchester, VA-WV market rose by 1,332 jobs in January and the unemployment rate increased compared to the prior month by 60 bps to 2.9%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Winchester, VA-WV unemployment rate is 96 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) grew in January versus prior month by 13.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.6%. Key sectors include:
- Transportation & Utilities: 16,000; -400
- Government: 10,500; -300
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.