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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% […]
State program would incentivize new workers with up to $1,000
To combat Virginia’s tight labor market, the state plans to invest $3 million in a program to provide new employees of qualifying small businesses with up to $1,000 to support their transition back into the workforce, Gov. Ralph Northam announced Friday. The Virginia Return to Earn grant program will match up to $500 from eligible […]
New, continued jobless claims maintain decline in Va.
Virginia’s unemployment claims, both initial and continued, fell again last week, continuing the positive trend of the last few weeks, the Virginia Employment Commission reported Thursday. For the filing week ending June 5, 7,210 people filed new unemployment claims, a decrease of 880 claims since the previous week. Continued claims totaled 50,261 last week, a […]
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[...]
