For Release:
July 20, 2018
Contact:
Ann Lang
Senior Economist
Economic Information & Analytics Division
(804) 786-3177 or (804) 786-7496

Virginia’s Seasonally Adjusted Unemployment Rate Was Unchanged in June at 3.2 Percent

~ Seasonally adjusted nonfarm employment was up 1,300 jobs between May 2018 and June 2018 ~

RICHMOND—Virginia’s seasonally adjusted unemployment rate held steady in June at 3.2 percent, but was down 0.5 percentage point from a year ago. The 3.2 percent seasonally adjusted unemployment rate in May and June is the lowest rate since the October 2007 rate of 3.2 percent. In June, the labor force expanded by 10,407, which was the fifth consecutive monthly increase, and at 4,348,904, set a new record high. Household employment increased by 12,715, which was the sixth consecutive monthly increase, and at 4,211,176, also set a new record high. The number of unemployed continued to drop, declining by 2,308 to 137,728. Virginia’s seasonally adjusted unemployment rate continues to be below the national rate, which was up 0.2 percentage point in June to 4.0 percent.

Virginia’s seasonally adjusted nonfarm employment increased by 1,300 jobs in June to 4,001,900, which was the sixth consecutive monthly increase and a new record high. Over the past six months, nonfarm employment gains have averaged almost 8,000 jobs per month. In June, private sector employment increased by 3,500 jobs to 3,289,600, while public sector payrolls declined by 2,200 jobs to 712,300.

From May 2018 to June 2018, seasonally adjusted employment increased in five major industry divisions and decreased in the other six. The largest job gain during June occurred in the leisure and hospitality sector, which increased by 2,700 jobs to 410,500. The second largest over-the-month gain occurred in finance, with a gain of 2,600 jobs to 210,900. Other employment gains were: 500 jobs in private education and health services to 539,300; 300 jobs in professional and business services to 738,600; and 100 jobs in mining to 8,300. The largest job loss during June occurred in total government, which decreased by 2,200 jobs to 712,300. For total government, the losses in local (-2,100 jobs) and federal    (-200 jobs) government employment outweighed the slight gain in state government employment (+100 jobs). Other employment losses were: 1,100 jobs in information to 66,900; 800 jobs in construction to 199,700; 300 jobs each in trade and transportation and in miscellaneous services to 670,900 and 205,900, respectively; and 200 jobs in manufacturing to 238,600.

Nonfarm Employment in Virginia*
Seasonally Adjusted

Industry

Employment

May 2018 to
June 2018

June 2017 to
June 2018

June 2018

May 2018

June 2017

Change

% Change

Change

% Change

Total Nonfarm

4,001,900

4,000,600

3,958,100

+1,300

+0.0%

+43,800

+1.1%

Total Private Sector

3,289,600

3,286,100

3,240,300

+3,500

+0.1%

+49,300

+1.5%

Goods-Producing

446,600

447,500

435,600

-900

-0.2%

+11,000

+2.5%

   Mining

8,300

8,200

8,000

+100

+1.2%

+300

+3.8%

   Construction

199,700

200,500

193,400

-800

-0.4%

+6,300

+3.3%

   Manufacturing

238,600

238,800

234,200

-200

-0.1%

+4,400

+1.9%

Service-Providing

3,555,300

3,553,100

3,522,500

+2,200

+0.1%

+32,800

+0.9%

  Private Service-Providing

2,843,000

2,838,600

2,804,700

+4,400

+0.2%

+38,300

+1.4%

   Trade, Transportation,and Utilities

670,900

671,200

663,300

-300

-0.0%

+7,600

+1.1%

   Information

66,900

68,000

68,000

-1,100

-1.6%

-1,100

-1.6%

   Finance

210,900

208,300

205,900

+2,600

+1.2%

+5,000

+2.4%

   Professional and Business Services

738,600

738,300

732,000

+300

+0.0%

+6,600

+0.9%

   Education and Health Services

539,300

538,800

530,200

+500

+0.1%

+9,100

+1.7%

   Leisure and Hospitality Services

410,500

407,800

402,700

+2,700

+0.7%

+7,800

+1.9%

   Miscellaneous Services

205,900

206,200

202,600

-300

-0.1%

+3,300

+1.6%

  Government

712,300

714,500

717,800

-2,200

-0.3%

-5,500

-0.8%

   Federal Government

176,600

176,800

177,900

-200

-0.1%

-1,300

-0.7%

   State Government

160,100

160,000

159,900

+100

+0.1%

+200

+0.1%

   Local Government

375,600

377,700

380,000

-2,100

-0.6%

-4,400

-1.2%

*Current month's estimates are preliminary.

From June 2017 to June 2018, Virginia’s seasonally adjusted total nonfarm employment was up 43,800 jobs, or 1.1 percent. Over-the-year employment growth in Virginia has been positive for 51 consecutive months and has exceeded 1.0 percent the past three months. In June, the private sector recorded an over-the-year gain of 49,300 jobs, while employment in the public sector declined by 5,500 jobs. Nationally, total nonfarm employment was up 1.6 percent from a year ago.

Compared to a year ago, on a seasonally adjusted basis, nine of the eleven major industry divisions experienced employment gains, while the other two experienced employment losses. The largest over-the-year job gain occurred in private education and health services, up 9,100 jobs (+1.7 percent). The next largest over-the-year job gain occurred in leisure and hospitality, up 7,800 jobs (+1.9 percent). Trade and transportation experienced the third largest over-the-year job gain, up 7,600 jobs (+1.1 percent). Other gains were in professional and business services, up 6,600 jobs (+0.9 percent); construction, up 6,300 jobs (+3.3 percent); finance, up 5,000 jobs (+2.4 percent); manufacturing, up 4,400 jobs (+1.9 percent); miscellaneous services, up 3,300 jobs (+1.6 percent); and mining, up 300 jobs (+3.8 percent). Compared to a-year-ago June, total government fell by 5,500 jobs (-0.8 percent), with the losses in local (-4,400 jobs) and federal (-1,300 jobs) government employment outweighing the gain in state government employment (+200 jobs). In addition, employment in information was down 1,100 jobs (-1.6 percent).

Total Nonfarm Employment in Virginia*
Seasonally Adjusted

Area

Employment

May 2018 to
June 2018

June 2017 to
June 2018

June 2018

May 2018

June 2017

Change

% Change

Change

% Change

Virginia

4,001,900

4,000,600

3,958,100

+1,300

+0.0%

+43,800

+1.1%

Blacksburg-Christiansburg-
Radford MSA

77,000

77,000

77,200

+0

+0.0%

-200

-0.3%

Charlottesville MSA

120,600

119,700

116,700

+900

+0.8%

+3,900

+3.3%

Harrisonburg MSA

68,000

68,100

67,100

-100

-0.1%

+900

+1.3%

Lynchburg MSA

105,300

105,400

103,900

-100

-0.1%

+1,400

+1.3%

Northern Virginia MSA

1,483,800

1,482,000

1,463,400

+1,800

+0.1%

+20,400

+1.4%

Richmond MSA

675,800

678,000

673,700

-2,200

-0.3%

+2,100

+0.3%

Roanoke MSA

161,800

161,300

160,000

+500

+0.3%

+1,800

+1.1%

Staunton-Waynesboro MSA

50,700

50,600

49,800

+100

+0.2%

+900

+1.8%

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

782,900

784,000

781,800

-1,100

-0.1%

+1,100

+0.1%

Winchester, Virginia/
West Virginia MSA

65,200

65,200

63,300

+0

+0.0%

+1,900

+3.0%

*Current month's estimates are preliminary.

Seasonally adjusted total nonfarm employment data is produced for ten metropolitan areas. In June, four metropolitan areas experienced over-the-month job gains; four experienced losses; and employment in the Blacksburg-Christiansburg-Radford and Winchester metropolitan areas remained unchanged. The largest absolute job gain occurred in Northern Virginia, with a gain of 1,800 jobs. The other metropolitan areas that experienced gains were: Charlottesville (+900 jobs); Roanoke (+500 jobs); and Staunton-Waynesboro (+100 jobs). The largest absolute job loss occurred in the Richmond metropolitan area, with a loss of 2,200 jobs.  The other metropolitan areas that experienced losses were: Virginia Beach-Norfolk-Newport News (-1,100 jobs); and Harrisonburg and Lynchburg (-100 jobs each).

Over the year, seasonally adjusted total nonfarm employment increased in all but one metropolitan area. The Northern Virginia metropolitan area experienced the largest absolute job gain, up 20,400 jobs (+1.4 percent). Charlottesville was ranked second, with a gain of 3,900 jobs (+3.3 percent), and Richmond was ranked third, with a gain of 2,100 jobs (+0.3 percent). The other over-the-year job gains occurred in:  Winchester (+1,900 jobs); Roanoke (+1,800 jobs); Lynchburg (+1,400 jobs); Virginia Beach-Norfolk-Newport News (+1,100 jobs); and Harrisonburg and Staunton-Waynesboro (+900 jobs each).  The only job loss occurred in the Blacksburg-Christiansburg-Radford metropolitan area (-200 jobs).

Not Seasonally Adjusted Data

Virginia’s unadjusted unemployment rate was up 0.4 percentage point in June to 3.3 percent, but was down 0.6 percentage point from a year ago. Compared to a year ago, the number of unemployed decreased by 24,203, household employment increased by 88,967, and as a result, the labor force rose by 64,764. Virginia’s not seasonally adjusted unemployment rate continues to be below the national unadjusted rate, which was up 0.6 percentage point in June to 4.2 percent.

Compared to last month, the June unadjusted workweek for Virginia’s 171,900 manufacturing production workers decreased by 0.8 hour to 39.9 hours, average hourly earnings decreased by $0.13 to $19.54, and average weekly earnings decreased by $20.92 to $779.65. Compared to last June, the unadjusted workweek decreased by 0.8 hour, average hourly earnings increased by $0.17, and average weekly earnings were lower by $8.71.

The statistical reference week for the household survey this month was the week of June 10-16, 2018.

The Virginia Employment Commission plans to release the June local area unemployment rates on Wednesday, August 1, 2018. The data will be available on our website, www.VirginiaLMI.com.

The July statewide unemployment rate and employment data for both the state and metropolitan areas are scheduled to be released on Friday, August 17, 2018.

Files detailing June's unemployment numbers are available below: