Each month we ask our region’s business leaders about recent changes in economic conditions and their expectations for the next six months.
Regional Economic Snapshot
Regional Economic Snapshot
This update on the Fifth District economy includes timely analysis of labor market, housing, and other conditions at the state and metro area level.
Note: US Bureau of Labor Statistics State Employment and Unemployment data are not currently being updated due to suspension of federal government services.
Snapshot By State
District of Columbia
Payroll employment in the District of Columbia decreased by 5,300 jobs (0.7 percent) in August. The unemployment rate remained elevated at 6.0 percent.
Maryland
Payroll employment in Maryland decreased by 3,200 jobs (0.1 percent) in August. The unemployment rate ticked up 0.2 percentage point to 3.6 percent.
North Carolina
Payroll employment in North Carolina increased by 4,800 jobs (0.1 percent) in August. The unemployment rate remained unchanged at 3.7 percent.
South Carolina
Payroll employment in South Carolina declined slightly by 300 jobs (0.0 percent) in August. The unemployment rate rose slightly to 4.3 percent.
Virginia
Payroll employment in Virginia increased by 7,200 jobs (0.2 percent) in August. The unemployment rate was unchanged at 3.6 percent.
West Virginia
Payroll employment in West Virginia declined by 1,100 jobs (0.2 percent) in August. The unemployment rate in edged up to 3.8 percent.
Related Content
These posts examine local, regional and national data that matter to the Fifth District economy and our communities.
Updated weekly, this set of charts is used during policy discussions and meetings with our board of directors.
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