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West Virginia

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West Virginia employment increased by 1,500 jobs (0.2 percent) in February. The unemployment rate fell 0.2 percentage point to 3.7 percent.

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  • West Virginia payroll employment increased by 1,500 jobs (0.2 percent), on net, in February. The most jobs were added over the month in education and health services (800 jobs). Meanwhile, manufacturing experienced the greatest job loss month-over-month (500 jobs).
  • On a year-over-year basis, West Virginia's economy added 2,500 jobs (0.4 percent), on net, in February. Construction experienced the greatest job loss year-over-year (2,200). The most jobs were added in natural resources and mining (1,500 jobs). Compared to February 2020, before the pandemic, West Virginia employment was still down 2.0 percent.
  • The unemployment rate in West Virginia fell 0.2 percentage point to 3.7 percent in February. It was equal to its February 2022 reading and 1.6 percentage point below its pre-pandemic rate (February 2020).

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

  • West Virginia issued 239 residential permits in February, up from 190 permits issued in January and down from the 278 issued in February 2022.
  • According to the Federal Housing Finance Agency, home values in West Virginia in the fourth quarter were up 8.9 percent from a year earlier.
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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