Figures reveal significant gains of Virginia’s workforce

Governor Glenn Youngkin highlighted Virginia’s continued economic growth and workforce expansion this week, citing the latest employment data from the Bureau of Labor Statistics (BLS). The report indicates steady job gains, low unemployment, and a growing labor force, reinforcing the Commonwealth’s strong labor market.

“Virginia’s labor market continues to demonstrate resilience and growth, with a strong increase in nonfarm payrolls, a growing labor force, and low unemployment,” said Governor Glenn Youngkin. “Our commitment to business-friendly policies, reducing costs, and fostering innovation has created an environment where both Virginia companies and Virginians can thrive.”

According to the Current Employment Statistics (CES), nonfarm payroll employment in Virginia increased by 4,900 jobs in December, with November’s figures revised upward to 8,500 new jobs, bringing the total to 4,268,200 nonfarm jobs. Since January 2022, Virginia has added 265,300 jobs, with an additional 65,000 jobs anticipated based on company announcements. The state’s labor force grew by 2,502 people, maintaining a 66.0% participation rate.

Virginia’s unemployment rate remains at 3.0%, significantly lower than the national average of 4.1%. “With a steady unemployment rate and high labor force participation, Virginia is effectively connecting job seekers with meaningful employment opportunities,” said Secretary of Labor Bryan Slater.

The Job Openings and Labor Turnover Survey (JOLTS) showed a surge in job openings, reaching 295,000 in November, the highest level since March 2023. The state maintains a strong labor market, with two available jobs for every unemployed person.

“Virginia’s record-high job count underscores the resilience and momentum of our economy,” said Secretary of Commerce and Trade Caren Merrick. “Our strategic efforts to attract new investments and strengthen key industries are paying off, resulting in high-quality job creation and sustained economic growth across the Commonwealth.”

The combined data from the household and establishment surveys confirm Virginia’s workforce resilience, with strong demand for labor and continued economic momentum heading into 2025.