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Va. jobless claims saw slight decrease last week
Virginia’s initial and continued unemployment claims decreased last week, the Virginia Employment Commission reported Thursday. For the filing week ending July 24, the state recorded 6,178 new jobless claims, down 126 from the previous week, while continued claims totaled 33,603, down 1,599 from the previous week. Compared to the same week last year, continued claims […]
Virginia snags “Best Business Climate” state ranking
Virginia is the state with the “Best Business Climate” in the nation, according to Business Facilities magazine’s 17th annual State Ranking Report, released Wednesday. Last year, Texas held the No. 1 spot, with Virginia taking second. After falling off Business Facilities’ top 10 list in 2014 and 2015, Virginia placed ninth in 2016, fourth in […]
Va. new jobless claims edged up last week
Virginia’s initial unemployment claims increased slightly last week while continued claims decreased again, as they have for several weeks, the Virginia Employment Commission reported Thursday. For the filing week ending July 17, the state recorded 6,304 new jobless claims, up 352 from the previous week, while continued claims totaled 35,202, down 1,135 from the previous […]
Fed says Fifth District economy growing moderately
[wpdiscuz-feedback id=”z7qx6rb9ba” question=”Why?” opened=”0″]Amid the post-pandemic recovery[/wpdiscuz-feedback], the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent weeks, according to the latest edition of the Federal Reserve’s Beig[...]
Virginia finishes FY21 with record $2.6B surplus
Virginia reached the end of fiscal year 2021 with a $2.6 billion surplus, the largest in the commonwealth’s history, according to a statement released by Virginia Gov. Ralph Northam on Wednesday. Total revenue collections grew 14.5% over fiscal year 2020, ahead of 2.7% growth projections. State collections reached $8.6 billion in the final quarter of […]
Virginia ranked CNBC’s Top State for Business again
Virginia retained its place as CNBC’s Top State for Business this year, beating out North Carolina and Texas and becoming the first state to achieve the honor twice in a row and five times in all, the cable business news channel announced Tuesday morning. Virginia Gov. Ralph Northam appeared live Tuesday morning on CNBC‘s “Squawk […]
Va. unemployment claims down slightly last week
Virginia saw a small decrease in initial claims for the filing week ending July 3, with 6,825 people making new jobless claims, the Virginia Employment Commission reported Thursday. Continued claims also went down, totaling 37,790 last week, down by 2,435 from the previous week. Initial claims declined by 1,371 last week compared to the previous […]
Va. new jobless claims up, while continued claims decline
Virginia’s new unemployment claims rose to 8,196 in the filing week ending June 26, but continued claims decreased, the Virginia Employment Commission reported Thursday. Last week saw an increase of 1,291 initial jobless claims from the previous week, while continued claims totaled 40,225, a decrease of 2,653 claims from a week ago. This time a year […]
Va. new jobless claims dropped below 7,000 last week
Virginia’s new unemployment claims fell last week, as did continued claims, the Virginia Employment Commission reported Thursday. For the filing week ending June 19, 6,905 people filed initial jobless claims, a decrease of 944 from the previous week. Continued unemployment claims totaled 42,878 last week, down 1,915 claims from the previous week. This time a […]
Seizing our future by creating value together
Here in Virginia and across the nation we are witnessing an unprecedented effort to create greater equity — in consideration, treatment, opportunity and investment — throughout our society. Media attention has focused intently on what governments are doing to evolve their policies, but businesses are rapidly transforming as well, confirming the effectiveness of existing practices […]
State unemployment rate slid to 4.5% in May
Virginia’s seasonally adjusted unemployment rate was at 4.5% in May, dropping 0.2 percentage points below April’s jobless rate. May’s statewide unemployment rate was 4 percentage points below May 2020’s rate of 8.5% in the first months of the pandemic shutdowns. Virginia continued to trend lower than the nation; the U.S. unemployment rate for May was […]
Va. hotel revenues increased by 178% in May
Virginia hotel revenues for May 2021 increased by 178% compared with May 2020, according to data released Tuesday by STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, rooms sold went up by 96%. The average daily rate (ADR) paid for hotel rooms rose 42% […]
