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Virginia

aerial view of Virginia

Payroll employment in Virginia fell by 4,100 jobs (0.1 percent) in December. The unemployment rate ticked up 0.1 percentage point to 3.6 percent.

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Labor Market Conditions

"Virginia's labor market deteriorated slightly in December as payroll employment fell, the labor force contracted, and the unemployment rate ticked up to 3.6 percent." – Joseph Mengedoth
Total payroll employment in Virginia fell by 4,100 jobs (0.1 percent), on net, in December. The most jobs were lost in the month in construction (3,400 jobs), professional and business services (1,800 jobs), and trade, transportation, and utilities (1,600 jobs).
On a year-over-year basis, payroll employment in Virginia fell by 11,700 jobs (0.3 percent), on net. Since last December, the most jobs were lost in leisure and hospitality (12,400 jobs), government (9,700 jobs), and professional and business services (9,100 jobs).
The unemployment rate in Virginia ticked up 0.1 percentage point to 3.6 percent in December as the number of unemployed people rose by 3,200.

Housing Market Conditions

New residential permits in October 2025 increased 72.1 percent from September 2025. Compared to October 2024, the number of residential permits issued has increased 18.1 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