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Federal Reserve Board of Governors member Adriana Kugler sits before an open meeting of the Board of Governors at the Federal Reserve, Wednesday, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein)
Aug 1, 2025

Federal Reserve Governor Kugler steps down, giving Trump slot to fill

Federal Reserve governor Adriana Kugler will step down, opening up a spot on the central bank's powerful board that President Donald Trump will be able to fill.

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Aug 1, 2025

Report: DOGE responsible for nearly 290k job cuts

A Thursday report revealed that United States-based employers have cut more jobs so far this year than in all of 2024.

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Jul 21, 2025

BLS: Virginia only state with notable June jobless rate increase

Virginia was the only state last month to see its unemployment rates increase, according to the Bureau of Labor Statistics.

Northern Va. Chamber unveils road map to reinvent economy
Jul 21, 2025

Northern Va. Chamber unveils road map to reinvent economy

The Northern Virginia Chamber of Commerce on Monday released a road map on reinventing the region's economy.

Retail sales rebound in June despite tariff concerns
Jul 17, 2025

Retail sales rebound in June despite tariff concerns

WASHINGTON (AP) — After an earlier pullback, consumers picked up their spending in June despite anxiety over tariffs and the state of the U.S. economy. Retail sales rose a better-than-expected 0.6% in June after declining 0.9% in May, the Commerce Department said Thursday. Sales in April fell 0.1%, pulled down by a steep drop in auto sales, after Americans […]

Jobless claims fall to 3-month low, defying tariff fears
Jul 17, 2025

Jobless claims fall to 3-month low, defying tariff fears

WASHINGTON (AP) — The number of Americans filing for unemployment benefits fell last week to the lowest level in three months, a sign that the U.S. labor market remains sturdy despite fears over the impact of widespread U.S. tariffs. The Labor Department reported Thursday that jobless claims for the week ending July 12 fell by […]

Virginia dropped to No. 4 in CNBC's 2025 Top States for Business rankings.
Jul 10, 2025

Virginia falls to No. 4 among CNBC’s top states for business

Virginia lost its spot at the top of CNBC's annual Top States for Business report, the cable business network announced Thursday.

Image by AdobeStock
Jun 6, 2025

Fed’s Fifth District expands slightly amid uncertainty

The Fifth District economy saw mild growth, with mixed hiring, rising import costs, and steady consumer spending despite economic uncertainty.

FILE - A hiring sign is displayed at a grocery store in Northbrook, Ill., Tuesday, Jan. 21, 2025. (AP Photo/Nam Y. Huh)
Jun 5, 2025

The number of Americans filing for jobless benefits last week rises to highest level in eight months

Unemployment claims rose to 247,000, an 8-month high, as tariff uncertainty and corporate job cuts weigh on the U.S. labor market and economic outlook.

Eric Scorsone is the executive director of the Weldon Cooper Center for Public Service at the University of Virginia. Photo courtesy U.Va.
May 13, 2025

Virginia could lose 32,000 jobs in 2025, U.Va. estimates

Virginia may lose 32,000 jobs in 2025 amid federal cuts and rising unemployment, according to a new forecast by the University of Virginia’s Weldon Cooper Center for Public Service.

Statewide home sales, inventories rose in November
May 13, 2025

Northern Virginia sees surge in housing inventory

The Northern Virginia housing market saw a significant increase in active listings in April, the Northern Virginia Association of Realtors reports.

FILE - Travelers check American Airlines flight information screens for their flight status at O'Hare International Airport in Chicago, Wednesday, Feb. 22, 2023. (AP photo/Nam Y. Huh, File)
May 10, 2025

More warning signs emerge for US travel industry as summer nears

Expedia cites reduced U.S. travel demand for its weak Q1 revenue, as consumer confidence dips and tourism from Canada and abroad continues to decline.

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