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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% […]
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 […]
