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Rolling out the red carpet
With high-speed subsea internet cables landing on Virginia Beach’s shores and massive wind turbines propelling off its coast, the state’s largest city is primed to welcome new businesses and industries generating high-end jobs. “Virginia Beach is going to be the epicenter of economic development on the East Coast,” says Mayor Bobby Dyer. “I am convinced […]
Va. new jobless claims dip below 10,000
Virginia saw another decrease in initial unemployment claims last week, with 9,843 new claims in the filing week ending May 22, down 799 from the previous week, according to the Virginia Employment Commission’s Thursday report. Continued claims decreased by 6,250 last week, with 54,163 filed by May 22. This time a year ago, during the […]
Va. April unemployment rate at 4.7%, drops nearly half point
Virginia’s seasonally adjusted unemployment rate was at 4.7% in April, dropping 0.4 percentage points below March’s jobless rate. April’s statewide unemployment rate was 5.9 percentage points below April 2020’s rate of 10.6%, the first full month of pandemic-related job losses. Virginia contends to trend lower than the nation, however. The U.S. unemployment rate for April [[...]
Va. sees second week of slightly lower initial jobless claims
Virginia saw another week of little change in initial unemployment claims, with 10,642 new claims filed during the week ending May 15, the Virginia Employment Commission reported Thursday. This was a decrease of 628 claimants from the previous week. Continued claims last week rose by 2,569 from the previous week, reaching 60,413 total claims. This […]
Va. sees 67% drop in weekly jobless claims
The state’s number of initial unemployment claims continues to fluctuate wildly, with only 12,231 Virginians submitting new jobless claims for the week ending May 1, a drop of 25,125 claims from the previous week, the Virginia Employment Commission reported Thursday. For the April 26-May 1 filing week, the state saw a 67.2% decline in new […]
Va. new jobless claims up 171%
For the April 19-24 filing week, 37,356 Virginians submitted initial unemployment claims, a 171.6% increase from the previous week, but a 48.4% decrease from this time a year ago, when jobless claims were near a peak during the COVID-19 pandemic. The Virginia Employment Commission reports that last week’s number of initial claims has reverted to […]
Northam: State to loosen more restrictions May 15
Beginning May 15, the state will loosen more restrictions, including allowing larger social gatherings and expanded audiences for entertainment venues and sporting events, Virginia Gov. Ralph Northam announced in a video message released Thursday. Restaurants will also be allowed to resume serving alcohol after midnight. Northam’s amendments to his pandemic executive orders, which take effe[...]
Va. jobless claims up 173% from last week
For the April 13-17 filing week, 13,751 Virginians submitted initial unemployment claims, a 173% increase from the previous week, but an 83% decrease from this time a year ago when jobless claims were near a peak during the COVID-19 pandemic. Last week’s new claims rose by 8,717 compared to those from the week ending April 10, […]
Va. hotel revenues up 12% in March
Virginia hotel revenues for March 2021 increased by 12% compared with March 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 25%. The average daily rate (ADR) paid for hotel rooms dropped 10% […]
Va. unemployment stayed steady in March
Virginia’s seasonally adjusted unemployment rate remained above 5% in March, dropping just 0.1 percentage points below February’s jobless rate. March’s 5.1% unemployment rate was 2.5 percentage points above March 2020’s rate. Virginia contends to trend lower than the nation, however. The U.S. unemployment rate for March was 6%. “Virginia’s unemployment rate is stead[...]
Va. new unemployment claims fall 466% from previous week
About 5,000 Virginians filed initial unemployment claims for the week ending April 10, a 95% decrease from this time a year ago when jobless claims were near their peak during the COVID-19 pandemic. Last week’s 5,034 new claims were 466% lower than the previous week’s, when 28,526 people filed, according to the Virginia Employment Commission’s […]
Fed says Fifth District economy shows moderate growth
The economy has grown “moderately” in recent weeks, with strong production increases, employment rising and consumer spending up in the Federal Reserve‘s Fifth District, which includes Virginia, North Carolina, South Carolina, West Virginia and Maryland, according to the latest edition of the Fed’s Beige Book, released Wednesday. The Beige Book, which is published eight times [&hel[...]
