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Virginia

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Total payroll employment in Virginia increased by 500 jobs (0.0 percent) in April. The unemployment rate edged up slightly to 3.3 percent.

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Labor market icon showing three people Labor Market Conditions

  • "Reports on Virginia's labor market were mixed in April. Payroll employment increased slightly in the month, but the labor force contracted and the unemployment rate edged higher." – Joseph Mengedoth
  • Total payroll employment in Virginia increased by 500 jobs (0.0 percent), on net, in April. The largest job gains in the month came from construction (4,300 jobs) and leisure and hospitality (700 jobs). Conversely, the largest job declines occurred in manufacturing (1,300 jobs), professional and business services (1,300 jobs), and government (1,100) jobs.
  • On a year-over-year basis, payroll employment increased by 47,900 jobs (1.1 percent), on net. Since last April, the most jobs were added in education and health services (26,100 jobs) and the government sector (12,300 jobs).
  • The unemployment rate in Virginia edged up slightly to 3.3 percent in April, as the number of unemployed increased by 6,300 people and the labor force contracted 0.2 percent.

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

  • New residential permits in April 2025 increased 3.1 percent from March 2025. Compared to April 2024, the number of residential permits issued has increased 20.6 percent.
  • According to the Federal Housing Finance Agency, home values in Virginia appreciated 1.4 percent in Q1 of 2025 when compared to Q4 of 2024. Furthermore, values appreciated 6.5 percent in Q1 of 2025 compared to Q1 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