Overall unemployment rate moved down to 2.2% with the biggest shift in Government, which gained 500 roles, based on the most recently available information published in November 2022.
Total employment in the Winchester, VA-WV market rose by 295 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 2.2%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Winchester, VA-WV unemployment rate is 112 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 14.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 15,300; -300
- Government: 10,500; +500
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.