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Virginia

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Total payroll employment in Virginia declined by 8,400 jobs (0.2 percent) in June. The unemployment rate edged up slightly to 3.5 percent.

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Labor market icon showing three people Labor Market Conditions

  • "Labor market conditions in Virginia softened in June. Payroll employment declined in the month and the unemployment rate edged higher." – Joseph Mengedoth
  • Total payroll employment in Virginia declined by 8,400 jobs (0.2 percent), on net, in June. The most jobs were shed in the month in professional and business services (3,500 jobs), followed by education and health services (2,200 jobs) and leisure and hospitality (1,500 jobs).
  • On a year-over-year basis, payroll employment increased by 35,600 jobs (0.8 percent), on net. Since last June, the most jobs were added in education and health services (23,100 jobs) and the construction industry (9,600 jobs).
  • The unemployment rate in Virginia edged up slightly to 3.5 percent in June and is now 0.7 percentage point above the rate reported last June.

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

  • New residential permits in June 2025 increased 0.7 percent from May 2025. Compared to June 2024, the number of residential permits issued has decreased 3.0 percent.
  • According to the Federal Housing Finance Agency, home values in Virginia appreciated 1.4 percent in Q1 of 2025 compared to Q4 of 2024. Furthermore, home 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