Skip to Main Content
Federal Reserve Bank of Richmond
Menu

West Virginia

aerial view of West Virginia

West Virginia payroll employment decreased by 1,400 jobs (0.2 percent) in June. The unemployment rate declined by 0.1 percentage point over the month to 4.1 percent.

Download Full PDF

Labor market icon showing three people Labor Market Conditions

  • "West Virginia's payroll employment declined in June due to net layoffs in government and several other sectors." – Adam Scavette
  • West Virginia payroll employment decreased by 1,400 jobs (0.2 percent), on net, in June. Education and health services (1,400 jobs) and leisure and hospitality (600 jobs) added jobs in June, but losses occurred in government (1,900 jobs), manufacturing (700 jobs), trade, transportation, and utilities (600 jobs), and construction (300 jobs).
  • On a year-over-year basis, West Virginia payroll employment increased by 7,800 jobs (1.1 percent), on net. The most jobs were added over the year in education and health services (6,900 jobs) and government (3,000 jobs). The only industries that lost jobs over the past year were trade, transportation, and utilities (2,600 jobs), manufacturing (1,300 jobs), and professional and business services (600 jobs).
  • The unemployment rate in West Virginia declined by 0.1 percentage point over the month to 4.1 percent but has risen 0.3 percentage point from its June 2023 reading of 3.8 percent.

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

  • In West Virginia the number of residential permits issued decreased by 17.6 percent in June compared to May. Compared to a year ago, the number of permits issued fell by 0.6 percent.
  • According to the Federal Housing Finance Agency, home values depreciated by 1.6 percent in Q1 of 2024 compared to Q1 of 2023. Home values appreciated by 6.4 percent in Q1 of 2024 compared to Q1 of 2023.
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.

Subscribe to Economic Data

Receive an email notification when regional surveys and reports are posted online:

Subscribe to Economic Data

By submitting this form you agree to the Bank's Terms & Conditions and Privacy Notice.

Phone Icon Contact Us

Joseph Mengedoth (804) 762-2285