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Virginia

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Payroll employment in Virginia increased by 7,200 jobs (0.2 percent) in August. The unemployment rate was unchanged at 3.6 percent.

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Labor market icon showing three people Labor Market Conditions

  • "Labor market conditions in Virginia improved somewhat in August. Payroll employment increased in the month while the unemployment rate held at 3.6 percent." – Joseph Mengedoth
  • Total payroll employment in Virginia increased by 7,200 jobs (0.2 percent), on net, in August. The most jobs were added in the month in education and health services (4,600 jobs), followed by other services (3,100 jobs) and construction (1,500 jobs). The only sector to shed a sizeable number of jobs in the month was government, which gave up 2,100 jobs.
  • On a year-over-year basis, payroll employment increased by 44,400 jobs (1.0 percent), on net. Since last August, the most jobs were added in education and health services (27,600 jobs), construction (12,700 jobs), and government (10,200 jobs).
  • The unemployment rate in Virginia was unchanged at 3.6 percent in August and is now 0.7 percentage point above the rate reported last August.

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 1.6 percent in Q2 of 2025 when compared to Q1 of 2025. Furthermore, values appreciated 4.3 percent in Q2 of 2025 compared to Q2 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