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Va. employment may not fully recover until 2023 to 2025
Virginia may not get back to full, pre-pandemic employment until 2023 to 2025, according to Moody’s Analytics employment forecasting, but Stephen Moret, president and CEO of Virginia Economic Development Partnership (VEDP) thinks that the commonwealth can recover sooner. “We not only want to accelerate the path back to full, pre-pandemic employment and even growing beyond, […]
Va. jobless claims fall to lowest level since March
The number of initial jobless claims filed last week fell to its lowest level since the pandemic‘s employment effects began to be felt in mid-March, the Virginia Employment Commission reported Thursday. Initial jobless claims in Virginia dropped by 29.7% last week compared with the previous filing week, according to the VEC, while continued claims fell […]
Labor market continued slow recovery in early November
The labor market continued its slow recovery during the week of Nov. 8, according to Virginia Commonwealth University and Arizona State University economists. Early November saw 69.9% of working age adults employed, which is still far below the 73.8% employment rate from February right before the pandemic, according to the Real-Time Population Survey conducted by […]
Va. unemployment rate fell less than 1% between September and October
Virginia’s seasonally adjusted unemployment rate fell by less than 1% between September and October to 5.3%, according to employment statistics released Friday by the Virginia Employment Commission — but unemployment still remains 2.6% higher than the same time last year. The labor force fell by 0.4% to 4.27 million while the number of employed Virginians increased […]
Initial jobless claims rise as extended benefits come to an end
As the U.S. Department of Labor notified the Virginia Employment Commission that the state’s extended benefits program would end on Nov. 21, more than 11,000 Virginians filed initial jobless claims and more than 85,000 filed continued claims. Under the extended benefit program, Virginians who had already used regular unemployment insurance benefits as well as any […]
Bank of America donates $1M to Northern Virginia Community College
Bank of America donated $1 million to Northern Virginia Community College to help students of color complete education and training necessary for the workforce as part of its $25 million commitment to community colleges, historically Black colleges and universities, and Latino-serving institutions. Using the donation, NOVA intends to develop and expand programs to meet skill […]
McLean-based ID.me to add 1,000 workers in NoVa
McLean-based identity verification company ID.me announced Tuesday it plans to hire 1,000 new employees in Northern Virginia before the end of 2021. ID.me, which provides identity verification services used for military discounts and group buying services online, has hired more than 300 employees thus far this year, attributable to its “explosive growth.” “Since the onset […]
Rolls-Royce to pay $135K to resolve hiring discrimination dispute
Reston-based Rolls-Royce North America Holdings Inc. has agreed to pay $135,000 in back wages and interest to 26 female applicants who were not selected for machine operator positions at its Prince George County aircraft component manufacturing facility. The payments were the result of an agreement with the U.S. Department of Labor‘s Office of Federal Contract […]
Initial jobless claims fell again last week
The number of initial jobless claims in Virginia dropped by 4.3% last week compared to the previous filing week, the Virginia Employment Commission reported Thursday, while continued claims fell by 7.8%. For the week ending Nov. 7, 9,909 Virginians filed initial claims for unemployment, a decrease of 441 from the previous week. Last week, 91,960 […]
Construction industry recovered 84K jobs in October
While the pandemic surges on, the construction industry added 84,000 net new jobs in October, the Associated Builders and Contractors (ABC) announced Friday. During the past six months, the industry has added 789,000 jobs, recovering 73% of jobs lost during the pandemic. “It’s hard not to stand up and applaud the U.S. economy’s ability to […]
Initial jobless claims dropped 16.2% last week
The number of initial jobless claims in Virginia dropped by 16.2% last week, the Virginia Employment Commission reported Thursday, and the number of continued claims was three-quarters lower than its May 16 filing week peak. For the week ending Oct. 31, 10,350 Virginians filed initial claims for unemployment, a decrease of 2,002 from the previous […]
Virginia Values Veterans program hits 67K hires
Gov. Ralph Northam announced Friday that the Virginia Values Veterans (V3) program surpassed its goal to reach 65,000 Virginia military veteran hires by the end of his administration. As of Friday, more than 67,000 Virginia military veterans have been hired through the program since its 2012 inception. Administered by the Department of Veterans Services (DVS), […]
