Overall unemployment rate stayed flat at 2.5% with the biggest shift in Government, which lost 200 roles, based on the most recently available information published in August 2022.
Total employment in the Winchester, VA-WV market rose by 171 jobs in July and the unemployment rate stayed flat. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Winchester, VA-WV unemployment rate is 128 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 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 7.9% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.2%. Key sectors include:
- Transportation & Utilities: 15,600; -100
- Government: 9,900; -200
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.