Overall unemployment rate moved down to 2.5% with the biggest shift in Transportation & Utilities, which gained 300 roles, based on the most recently available information published in May 2023.
Total employment in the Winchester, VA-WV market rose by 756 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 2.5%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Winchester, VA-WV unemployment rate is 112 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 March versus prior month by 15.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Transportation & Utilities: 16,100; +300
- Government: 10,900; +100
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.