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West Virginia

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West Virginia payroll employment increased by 1,600 jobs (0.2 percent) in February. The unemployment rate remained flat over the month at 4.3 percent.

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  • "West Virginia's payroll employment growth has been relatively strong over the past year through February 2024 with steady gains in education and health services and government." — Adam Scavette
  • West Virginia payroll employment increased by 1,600 jobs (0.2 percent), on net, in February. Education and health services saw the largest increase in jobs month-over-month (800 jobs), followed by leisure and hospitality (400 jobs). Job declines occurred in professional and business services (500 jobs) and financial activities (100 jobs).
  • On a year-over-year basis, West Virginia payroll employment increased by 13,700 jobs (1.9 percent), on net. The most jobs were added over the year in education and health services (5,900 jobs), followed by government (4,600 jobs). The only industry that lost jobs over the past year was trade, transportation, and utilities (1,000 jobs).
  • The unemployment rate in West Virginia remained flat over the month at 4.3 percent but has risen 0.8 percentage point from its February 2023 reading of 3.5 percent.

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

  • West Virginia issued 320 residential permits in February, up from 297 permits issued in January and up from the 239 issued in February 2022.
  • According to the Federal Housing Finance Agency, home values in West Virginia in the fourth quarter were up 6.0 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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