Non farm payroll employment down in August in Va

Governor Glenn Youngkin announced that according to the Bureau of Labor Statistics’ (“BLS”) Current Employment Statistics Survey (“CES” or “establishment survey”), Virginia reported non-farm payroll employment declined 5,800 in the month of August. Despite the loss over the month, the over-the-year statistics show growth of 61,600 jobs over the year and 238,200 added since January 2022.

“For the past two and a half years, we have driven record job growth and business investment despite inflationary headwinds from Washington,” said Governor Glenn Youngkin. “This month’s numbers draw our full attention to the importance of continuing to drive forward pro-growth, business friendly initiatives that keep Virginia accelerating.”

“Recent data shows a reduction in the number of employed individuals, and a slight decrease in labor force participation. While these numbers reflect some of the current national challenges in the labor market, we are committed to targeted job training programs, improved employment services, and strategies to engage more people in the workforce. Our goal is to not only mitigate these short-term fluctuations but to build a stronger, more resilient labor market for the future,” said Secretary of Labor Bryan Slater.