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VCU study: Labor market continues slow recovery
The labor market continued to recover during the week ending Oct. 3, but at a slower pace than the start of the recovery, according to a report released Tuesday from economists at Virginia Commonwealth University and Arizona State University. “The latest results show that, since April, employment has recovered two-thirds of the way back to […]
Va. weekly initial jobless claims increase by 15%
The number of weekly initial jobless claims in Virginia increased by 15% last week, but the number of weekly continuing unemployment claims dropped by 7.5%, the Virginia Employment Commission reported Thursday. For the week ending Oct. 3, 10,843 Virginians filed initial claims for unemployment, up from 9,377 the previous week. Last week, 160,764 Virginians filed […]
Va. hotels continue slow recovery
Virginia hotel revenues remained below pre-pandemic levels last week, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 27 through Oct. 3, hotel revenues in Virginia decreased by 43% and rooms sold declined by 27%, compared to the same […]
Hampton Roads State of the Region report offers sobering look at COVID-19 impacts
Old Dominion University’s Dragas Center for Economic Analysis & Policy’s 2020 State of the Region report for Hampton Roads offers a sobering look at how the pandemic has harmed the regional economy and left tens of thousands of Hampton Roads residents jobless. Employment in Hampton Roads fell dramatically, hotel occupancy continues to be outpaced by […]
Va. jobless claims drop slightly last week
Virginia saw a small decrease in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, but the number of initial claims filed from mid-March through the Sept. 26 filing week totaled 1.167 million, or 28.4% of pre-pandemic payroll employment. For the week ending Sept. 26, 9,377 Virginians filed initial claims […]
Va. hotel revenues continue to slip
Virginia hotel revenues continued to worsen last week after a small improvement during the Labor Day weekend, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 13 through Sept. 19, hotel revenues in Virginia decreased by 52% and rooms […]
Va. recovers 68K jobs in August
In August, Virginia employers recovered a total of 68,000 jobs (a 1.8% increase from July), but the commonwealth is still 212,600 jobs shy of where it was last year, according to employment statistics released Friday by the U.S. Department of Labor Statistics. “Despite the sizable increase in August, total employment remains way below the pre-pandemic […]
Va. hotel revenues drop again
Following a small improvement associated with the Labor Day holiday weekend, Virginia hotels saw a steep decline in revenues last week, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 6 through Sept. 13, hotel revenues decreased by 48% […]
Va. initial jobless claims slightly drop last week
Virginia saw a slight decrease in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, but the number of ongoing claims has dropped to 50% from the May 16 filing week peak, when 403,557 Virginians filed for unemployment. For the week ending Sept. 12, 10,100 Virginians filed initial claims for […]
NOVA, Manassas, Prince William, local groups launch workforce program
Northern Virginia Community College (NOVA) announced Monday it is partnering with the city of Manassas, Prince William County, Virginia Career Works and the SkillsSource Group to launch the $1.9 million ELEVATE Program to provide free education and workforce services. Funded by federal CARES Act funding, the program will also help businesses to upskill their workforces. […]
State General Fund revenue down only 0.2% in August
Despite the pandemic, Gov. Ralph Northam announced Thursday that August General Fund revenue collections decreased only 0.2% compared to the same time last year. “Despite trying economic conditions, collections from payroll withholding and sales taxes remained steady,” Northam said in a statement. “We look forward to September’s receipts, which will provide more insight into Virginia&#[...]
Northam eases COVID-19 restrictions in Hampton Roads
After more than six weeks, Gov. Ralph Northam eased COVID-19 restrictions in Hampton Roads localities Thursday, citing “significantly improved” health metrics. The region will join the rest of the state in Phase Three of the “Forward Virginia” plan, effective immediately. On July 31, the governor placed a ban on gatherings of more than 50 people, […]
