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Help wanted sign is displayed at a live music and blues club in Chicago, Thursday, July 24, 2025. (AP Photo/Nam Y. Huh
Aug 1, 2025

US employers slash hiring as Trump advances a punishing trade agenda

U.S. job growth slows as Trump’s tariffs shake business confidence. Unemployment ticks up, job revisions drop sharply, and markets react.

President Donald Trump speaks as Cody Campbell, left, and professional golfer Bryson DeChambeau listen during an event for the signing of an executive order restarting the Presidential Fitness Test in public schools, Thursday, July 31, 2025, in the Roosevelt Room of the White House in Washington. (AP Photo/Jacquelyn Martin)
Aug 1, 2025

Trump removes official overseeing jobs data after dismal employment report

Trump removed BLS Commissioner Erika McEntarfer after weak job numbers, accusing her of political bias. The agency's past data was also sharply revised down.

U.S. adds 139K jobs amid trade war uncertainty
Jun 6, 2025

U.S. adds 139K jobs amid trade war uncertainty

U.S. employers added 139K jobs as hiring slowed. Trump’s trade policies stir economic fears, though recession signals remain unclear.

Real Estate and Construction: Stagnant with some silver linings
May 21, 2025

Virginia housing sales drop again, but listings spike 35.5%

Virginia home sales fell for the third month in a row in April 2025, but active listings rose 35.5% the same month.

U.S. adds 177K jobs despite trade war, hiring slows
May 2, 2025

U.S. adds 177K jobs despite trade war, hiring slows

U.S. employers added 177,000 jobs in April, beating expectations. Labor market remains resilient despite trade wars, tariffs, and federal job cuts.

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Apr 21, 2025

Is slight rise in Virginia unemployment ‘calm before storm?’

Virginia’s unemployment rate numbers are on a slight rise, according to data from the state’s Department of Workforce Development and Advancement, also known as Virginia Works. The state agency reports that Virginia’s seasonally adjusted unemployment rate in March rose a tenth of a percentage point to 3.2 % compared to 3.1% in February and 2.8% […]

On Feb. 24, 2025, Gov. Glenn Youngkin unveiled Virginia Has Jobs, an initiative to “connect job seekers with opportunities in the commonwealth. Photo courtesy Office of the Governor
Mar 18, 2025

While Youngkin celebrates Virginia’s labor force gains, economists warn of future unemployment

Gov. Glenn Youngkin says he feels good about the state’s employment landscape. In an announcement Tuesday, the governor celebrated that Virginia added 7,100 more jobs in January 2025, according to data from the U.S. Bureau of Labor Statistics (BLS). “More Virginians are working than ever in the commonwealth as jobs and opportunity continue to expand […]

A man in a suit stands in front of a ship.
Jul 23, 2024

Virginia saw 15,000 jobs created in June

Virginia reported 15,000 jobs created in June, Gov. Glenn Youngkin announced Friday. Overall, the commonwealth has seen 258,000 jobs created since January 2022, according to the news release from the governor’s office. “The jobs report is yet another good sign about the resiliency of the Virginia economy,” Bob McNab, an economist at Old Dominion University, […]

Mar 24, 2023

Va. labor market stayed strong in February

Virginia’s labor market remained strong in February, although growth is slowing, according to employment data from the Federal Reserve Bank of Richmond. Virginia had a net gain of 3,200 jobs in February. The Virginia state government employment was previously 12,000 jobs below the February 2020 level, but the state government nearly halved that deficit last […]

Jun 10, 2022

Economic growth to continue slowing, ODU experts say

The U.S. economy will continue to slow in the second half of 2022 and a recession is increasingly likely, according to the Old Dominion University’s Dragas Center for Economy Analysis and Policy’s mid-year economic forecast released Friday. Increases in inflation are expected to slow as well but harden, leaving costs elevated, report Robert McNab and […]

Dec 17, 2021

Va. unemployment rate dropped to 3.4% in November

In November, Virginia’s unemployment rate fell to 3.4%, 0.2 points below October’s rate, marking 18 straight months of declines, Gov. Ralph Northam announced Friday. In November 2020, the jobless rate was 2.4 points higher than last month. The labor force increased by 2,706 to almost 4.26 million, and the number of unemployed residents decreased by 8,627 […]

Nov 24, 2021

Va. had record 328,000 job openings in September

Virginia had 328,000 job openings in September and 123,000 quits, 4,000 fewer quits than the April 2021 peak, according to U.S. Bureau of Labor Statistics‘ latest Job Openings and Labor Turnover Survey (JOLTS) data released Nov. 19. The September job openings number set a record previously set in July, when there were 320,000 openings. The […]

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