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.
Snapshot By State
District of Columbia
Payroll employment in the District of Columbia declined by 2,600 jobs (0.4 percent) in May. The unemployment rate declined 0.1 percentage point to 6.1 percent.
Maryland
Payroll employment in Maryland increased by 5,100 jobs (0.2 percent) in May. The unemployment rate was unchanged at 4.4 percent.
North Carolina
Payroll employment in North Carolina increased by 17,400 (0.3 percent) in May. The unemployment rate remained at 3.7 percent.
South Carolina
Payroll employment in South Carolina increased by 2,600 jobs (0.1 percent) during May. The unemployment rate is currently 4.6 percent, decreasing by 0.2 percentage points.
Virginia
Payroll employment in Virginia declined by 8,000 jobs (0.2 percent) in May. The unemployment rate was unchanged at 3.8 percent.
West Virginia
Payroll employment in West Virginia increased by 9,700 jobs (1.4 percent) in May. The unemployment rate edged down to 4.3 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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