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Virginia

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Payroll employment in Virginia increased by 8,600 jobs (0.2 percent) in November. The unemployment rate was unchanged at 3.5 percent between September and November.

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  • "Virginia's labor market improved slightly in November as payroll employment increased and the unemployment rate held steady at 3.5 percent." – Joseph Mengedoth
  • Total payroll employment in Virginia increased by 8,600 jobs (0.2 percent), on net, in November. The most jobs were added in the month in professional and business services (4,400 jobs), government (1,400 jobs), and construction (1,300 jobs). The job gain in the government sector in November was preceded by a loss of 9,300 jobs in October.
  • On a year-over-year basis, payroll employment increased by 8,400 jobs (0.2 percent), on net. Since last November, the most jobs were added in education and health services (21,300 jobs) and construction (7,300 jobs). Conversely, the largest job losses occurred in leisure and hospitality (8,300 jobs) and government (8,000 jobs).
  • The unemployment rate in Virginia was unchanged at 3.5 percent between September and November. (October data is not available.)

Housing Market icon showing a picture of a house Housing Market Conditions

  • New residential permits in August 2025 increased 5.4 percent from July 2025. Compared to August 2024, the number of residential permits issued has decreased 14.2 percent.
  • According to the Federal Housing Finance Agency, home values in Virginia appreciated 0.4 percent in Q3 of 2025 when compared to Q2 of 2025. Furthermore, values appreciated 4.5 percent in Q3 of 2025 compared to Q3 of 2024.
Snapshot Resources
  • Term Definitions

    Payroll Employment
    The number of nonfarm jobs (persons on payrolls) according to where those jobs are located.

    Unemployment Rate
    The number of unemployed persons (those not employed but available and searching for work) as a percent of the civilian labor force (the total number of employed plus unemployed persons).

    Industry Structure
    A breakdown of total nonfarm jobs by industry. Percentages sum to 100 percent.

    Industry Growth
    The percentage change in jobs in each industry from a year ago.

    Building Permits
    The number of privately owned single-family and multi-family units authorized in permit-issuing places.

    House Price Index
    A repeat sales index, measuring average price changes in repeat sales or refinancings on the same single-family properties.

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Joseph Mengedoth