Overall unemployment rate moved up to 2.5% with the biggest shift in Transportation & Utilities, which gained 600 roles, based on the most recently available information published in June 2022.
Total employment in the Winchester, VA-WV market rose by 356 jobs in May and the unemployment rate increased compared to the prior month by 40 bps to 2.5%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Winchester, VA-WV unemployment rate is 88 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 May versus prior month by 10.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 3.1% . Key sectors include:
- Transportation & Utilities: 16,000; +600
- Government: 10,800; +200
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.