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Is unemployment high in Virginia?

Is unemployment high in Virginia?

In 2021, the unemployment rate in Virginia was at 3.9 percent. This is a decrease from the previous year, when the unemployment rate stood at 6.2 percent, and is down from a high of 7.3 percent in 2010….Unemployment rate in Virginia from 1992 to 2021.

Characteristic Unemployment rate
’20 6.2%
’19 2.8%
’18 3%
’17 3.7%

What is the economy like in Richmond Virginia?

The US average is 7.3%. – The Income Tax Rate for Richmond is 5.8%. The US average is 4.6%….Income and Salaries for Richmond.

ECONOMY Richmond, Virginia United States
Unemployment Rate 7.1% 6.0%
Recent Job Growth -5.6% -6.2%
Future Job Growth 37.1% 33.5%
Sales Taxes 5.3% 6.2%

How many people are currently unemployed in Virginia?


Data Series Nov 2021 Apr 2022
Unemployment Rate(2) (r)3.3 (p)3.0
Nonfarm Wage and Salary Employment
Total Nonfarm(3) 3,986.8 (p)4,037.8
12-month % change 2.7 (p)3.2

What is the unemployment rate nationwide?

All 50 states and the District had jobless rate decreases from a year earlier. The national unemployment rate remained at 3.6%, unchanged from March, but is 2.2 points lower than in May 2021.

What city has the highest unemployment rate?

As of April 2022, the unemployment rate was highest in the Cleveland-Elyria, OH metropolitan area, and stood at 5.4 percent….

Characteristic Unemployment rate
Pittsburgh, PA 4.2%
New York-Newark-Jersey City, NY-NJ-PA 4.2%
Memphis, TN-MS-AR 4.2%
Detroit-Warren-Dearborn, MI 4.2%

How is the economy in VA?

Virginia’s economy is as diverse as the shipbuilding on the southern shore, the farming and tobacco-growing of rural areas, seafood harvesting along the Atlantic coast and rivers, the apple-growing capital of Winchester in the northwest, wineries spread among the countryside and the technology companies of the suburban …

Is Richmond VA a growing city?

Richmond, Virginia, is another quickly growing city in the Commonwealth. According to the U.S. census, it’s growing at twice the rate of the state and the nation as a whole. The population has added 24,500 people to its number since 2010, which comes out to be a 12% increase.

Does Virginia have a good economy?

The economy of the Commonwealth of Virginia is well balanced with diverse sources of income. From the Hampton Roads area to Richmond and down to Lee County in the southwest includes military installations, cattle, tobacco and peanut farming in Southside Virginia.

What US city has the lowest unemployment?

In a April 2022 ranking of the unemployment rates in the United States’ larger metropolitan areas, Minneapolis-St. Paul-Bloomington, MN-WI had the lowest rate, at 1.5 percent.

What state has the most job opportunities?

South Carolina South Carolina has the highest employment rate in the United States of 97.7% (an unemployment rate of 2.3%). From September 2019 to December 2019, South Carolina’s unemployment rate dropped from 2.9% to 2.3%, hitting historic lows four times.

Is Virginia a rich or poor state?

Today, Virginia is still one of the wealthiest states in the South. Virginia is also one of twenty-two right-to-work states.

Is Virginia a well run state?

Virginia is one of the safest states in the country. There were only 208 violent crimes reported in the state in 2019 for every 100,000 people, well below that year’s national violent crime rate of 367 per 100,000. Virginia residents are also more likely than most Americans to avoid poverty.

Is Richmond VA booming?

An average of 32 people each and every day have moved to Greater Richmond over the past 10 years, boosting the metro population from 1.2 million in 2010 to more than 1.3 million today. The City of Richmond itself added more than 22,000 new residents over the last decade, with a population growth rate of nearly 11%.

What is the biggest industry in Virginia?

Agriculture is Virginia’s largest private industry by far, with nothing else coming a close second. The industry has an economic impact of $70 billion annually and provides more than 334,000 jobs in the Commonwealth.