Each month, the Richmond Fed surveys businesses across its region to provide perspectives on current business activity and expected changes in business conditions.
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.
Snapshot By State
District of Columbia
Payroll employment in the District of Columbia increased by 1,700 jobs (0.2 percent) in July. The unemployment rate edged down 0.1 percentage point to 5.9 percent.
Maryland
Payroll employment in Maryland increased by 11,700 jobs (0.4 percent) in July. The unemployment rate edged down 0.1 percentage point to 4.2 percent.
North Carolina
Payroll employment in North Carolina declined by 700 (0 percent) in July. The unemployment rate was unchanged at 3.6 percent.
South Carolina
Payroll employment in South Carolina increased by 4,700 jobs (0.2 percent) during July. The unemployment rate is currently 4.2 percent, decreasing by 0.2 percentage points.
Virginia
Payroll employment in Virginia declined by 9,600 jobs (0.2 percent) in July. The unemployment rate declined by 0.1 percentage point to 3.7 percent.
West Virginia
Payroll employment in West Virginia declined by 600 jobs (0.1 percent) in July. The unemployment rate edged down 0.1 percentage point to 4.1 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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