For Release:
August 16, 2019
Contact:
Conrad Buckler
Economist
Economic Information & Analytics Division
(804) 786-8264 or (804) 786-7496

Virginia’s Seasonally Adjusted Unemployment Rate Was Unchanged in July at 2.9 Percent

~ Seasonally adjusted nonfarm employment was up 3,400 jobs between June 2019 and July 2019 ~

RICHMOND—Virginia’s seasonally adjusted unemployment rate held steady in July at 2.9 percent, which equals the rate from a year ago. In July, the labor force expanded for the thirteenth consecutive month by 12,345, or 0.1 percent to set a new record high of 4,389,783, as the number of unemployed decreased by 1,767. Household employment increased by 14,112 to set a new high of 4,263,623. Virginia’s seasonally adjusted unemployment rate continues to be below the national rate, which was unchanged at 3.7 percent.

Virginia’s seasonally adjusted nonfarm employment increased by 3,400 jobs in July to 4,030,700. June’s total nonfarm employment was revised downward 4,300, adding to that month’s disappointing job numbers. In July, private sector employment increased by 7,700 jobs to 3,314,200, while public sector payrolls decreased by 4,300 jobs to 716,500.

From June 2019 to July 2019, seasonally adjusted employment increased in four major industry divisions, held steady in mining, and decreased in the other six. The largest job gain during July occurred in leisure and hospitality with a gain of 4,100 jobs to 420,400. The second largest over-the-month gain occurred in private education and health services with a gain of 1,900 jobs to 552,600. Other employment gains were construction (1,700 jobs) to 201,900 and finance (900 jobs) to 208,200. The largest loss during July occurred in total government (-4,300 jobs) to 716,500. For total government, a gain occurred in state government (100 jobs), no change in federal government, and local government decreased by 4,400 jobs. The second largest loss was miscellaneous services, (-300 jobs) to 202,100. Other employment losses were: manufacturing (-200 jobs) to 246,700; information (-200 jobs) to 63,800; trade and transportation (-100 jobs) to 652,700; and professional and business services (-100 jobs) to 757,800.


Nonfarm Employment in Virginia*
Seasonally Adjusted

Industry

Employment

June 2019 to July 2019

July 2018 to July 2019

July 2019

June 2019

July 2018

Change

% Change

Change

% Change

Total Nonfarm

4,030,700

4,027,300

4,007,700

3,400

0.1%

23,000

0.6%

Total Private Sector

3,314,200

3,306,500

3,284,600

7,700

0.2%

29,600

0.9%

Goods-Producing

456,600

455,100

447,200

1,500

0.3%

9,400

2.1%

Mining

8,000

8,000

7,900

0

0.0%

100

1.3%

Construction

201,900

200,200

198,700

1,700

0.8%

3,200

1.6%

Manufacturing

246,700

246,900

240,600

-200

-0.1%

6,100

2.5%

Service-Providing

3,574,100

3,572,200

3,560,500

1,900

0.1%

13,600

0.4%

Private Service-Providing

2,857,600

2,851,400

2,837,400

6,200

0.2%

20,200

0.7%

Trade, Transportation, and Utilities

652,700

652,800

659,600

-100

0.0%

-6,900

-1.0%

Information

63,800

64,000

67,500

-200

-0.3%

-3,700

-5.5%

Finance

208,200

207,300

207,900

900

0.4%

300

0.1%

Professional and Business Services

757,800

757,900

751,200

-100

0.0%

6,600

0.9%

Education and Health Services

552,600

550,700

541,500

1,900

0.3%

11,100

2.0%

Leisure and Hospitality Services

420,400

416,300

408,700

4,100

1.0%

11,700

2.9%

Miscellaneous Services

202,100

202,400

201,000

-300

-0.1%

1,100

0.5%

Government

716,500

720,800

723,100

-4,300

-0.6%

-6,600

-0.9%

Federal Government

180,200

180,200

179,700

0

0.0%

500

0.3%

State Government

161,700

161,600

160,700

100

0.1%

1,000

0.6%

Local Government

374,600

379,000

382,700

-4,400

-1.2%

-8,100

-2.1%

*Current month's estimates are preliminary.

From July 2018 to July 2019, Virginia’s seasonally adjusted total nonfarm employment was up 23,000 jobs, or 0.6 percent. Over-the-year employment growth in Virginia has been positive for 64 consecutive months and has continued to strengthen over the last several months. In July, the private sector recorded an over-the-year gain of 29,600 jobs, while employment in the public sector decreased by 6,600 jobs.

Compared to a year ago, on a seasonally adjusted basis, eight of the eleven major industry divisions experienced employment gains, while the other three experienced employment losses. The largest over-the-year job gain occurred in leisure and hospitality, up 11,700 jobs (+2.9 percent). The next largest over-the-year job gain occurred in private education and health services, up 11,100 jobs (+2.0 percent). Professional and business services experienced the third largest over-the-year job gain of 6,600 jobs (+0.9 percent). Other gains were in manufacturing, up 6,100 jobs (+2.5 percent); construction, up 3,200 jobs (+1.6 percent); miscellaneous services, up 1,100 jobs (+0.5 percent); finance, up 300 jobs (+0.1 percent); and mining up 100 jobs (+1.3 percent). The largest job loss was in trade and transportation, down 6,900 jobs (-1.0 percent). The second largest was in total government, down by 6,600 jobs (-0.9 percent), with gains in state (1,000 jobs), and federal government employment (500 jobs); along with a loss in local (-8,100 jobs). The other loss was in information, down 3,700 jobs (-5.5 percent).

Total Nonfarm Employment in Virginia*
Seasonally Adjusted

Area

Employment

June 2019 to July 2019

June 2018 to July 2019

July 2019

June 2019

July 2018

Change

% Change

Change

% Change

Virginia

4,030,700

4,027,300

4,007,700

3,400

0.1%

23,000

0.6%

Blacksburg-Christiansburg-Radford MSA

77,700

77,500

77,600

200

0.3%

100

0.1%

Charlottesville MSA

120,700

120,200

118,600

500

0.4%

2,100

1.8%

Harrisonburg MSA

69,100

68,700

68,100

400

0.6%

1,000

1.5%

Lynchburg MSA

105,800

105,700

104,900

100

0.1%

900

0.9%

Northern Virginia MSA

1,503,200

1,503,000

1,489,800

200

0.0%

13,400

0.9%

Richmond MSA

687,500

685,100

681,100

2,400

0.4%

6,400

0.9%

Roanoke MSA

163,300

162,200

161,700

1,100

0.7%

1,600

1.0%

Staunton-Waynesboro MSA

51,500

51,400

50,800

100

0.2%

700

1.4%

Virginia Beach-Norfolk-Newport News, Virginia/North Carolina MSA

798,100

798,900

791,700

-800

-0.1%

6,400

0.8%

Winchester, Virginia/West Virginia MSA

66,000

65,900

64,500

100

0.2%

1,500

2.3%

*Current month's estimates are preliminary.
Seasonally adjusted total nonfarm employment data is produced for ten metropolitan areas. In July, nine metropolitan areas experienced over-the-month job gains, while one experienced a loss. The largest absolute job gain occurred in Richmond (+2,400 jobs). The second largest absolute job gain occurred in Roanoke (+1,100 jobs). The other gains were: Charlottesville, (+500 jobs); Harrisonburg (+400 jobs); Blacksburg-Christiansburg-Radford and Northern Virginia (+200 jobs each); and Lynchburg, Staunton-Waynesboro, and Winchester (+100 jobs each). The only job loss occurred Virginia Beach-Norfolk-Newport News, (-800 jobs).

Over the year, seasonally adjusted total nonfarm employment increased in all ten metropolitan areas. The Northern Virginia metropolitan area experienced the largest absolute job gain, up 13,400 jobs (+0.9 percent). Richmond and Virginia Beach-Norfolk-Newport News were tied for second largest, with gains of 6,400 jobs each, (+0.9 percent) and (+0.8 percent) respectively. The other over-the-year job gains occurred in: Charlottesville (+2,100 jobs); Roanoke (+1,600 jobs); Winchester (+1,500 jobs); Harrisonburg (+1,000 jobs); Lynchburg (+900 jobs); Staunton-Waynesboro (+700 jobs); and Blacksburg-Christiansburg-Radford (+100 jobs).

Not Seasonally Adjusted Data
Virginia’s unadjusted unemployment rate was unchanged in July at 2.9 percent, and was down 0.2 percentage point from a year ago. Compared to a year ago, the number of unemployed decreased by 5,982, household employment increased by 97,146, and the labor force increased by 91,164. Virginia’s not seasonally adjusted unemployment rate continues to be below the national unadjusted rate, which was down 0.2 percentage point in July to 4.0 percent.

Compared to last month, the July unadjusted workweek for Virginia’s 170,300 manufacturing production workers decreased by 1.1 hour to 39.2 hours, average hourly earnings were unchanged at $19.70 as well as average weekly earnings decreased to $772.24. Compared to last July, the unadjusted workweek decreased by 0.1 hour, average hourly earnings decreased by $0.01, and average weekly earnings were lower by $2.36.
The statistical reference week for the household survey this month was the week of July 14-20, 2019.

The Virginia Employment Commission plans to release the July local area unemployment rates on Wednesday, August 28, 2019. The data will be available on our website, www.VirginiaWorks.com.
The August statewide unemployment rate and employment data for both the state and metropolitan areas are scheduled to be released on Friday, September 20, 2019.