McAuliffe announces 215,100 net new jobs in Virginia

Governor Terry McAuliffe announced last week that 215,100 net new jobs have been created in the Commonwealth since January 2014. In addition, according to the Federal Reserve Bank of St. Louis, total wages and salaries in Virginia have increased by 12.2 percent since January 2014, while average hourly earnings and total personal income have increased by 7.4 and 13.3 percent, respectively.

terry mcauliffeVirginia’s seasonally adjusted unemployment rate held steady in August at 3.8 percent, but was down 0.3 percentage points from a year ago. Virginia’s seasonally adjusted unemployment rate continues to be below the national rate, which was up 0.1 percentage point in August to 4.4 percent.

“Today’s announcement is a testament to the work we have done recruiting more private sector investment into the Commonwealth and building a stronger foundation for long-term economic growth,” said Governor McAuliffe.  “At the beginning of this administration our unemployment rate stood at 5.4 percent and our economy was being battered by sequestration and shut-down politics in Washington. Since then we have worked hard to create economic opportunity for people in every corner of the Commonwealth, and the results of those efforts are clear. I’m proud of the work we have done creating jobs and increasing wages, but continued dysfunction in Washington means we must work harder than ever to build a new Virginia economy.”

Virginia has the third lowest seasonally adjusted unemployment rate among the Southeast states, behind Arkansas and Tennessee. Virginia has the third lowest rate among major U.S. states behind Tennessee and Indiana.

Virginia’s labor force continued to expand in August. Household employment and the number of unemployed also experienced slight increases in August. Household employment increased by 159, and the number of unemployed increased by 231.

“It’s clear to see that our efforts, in partnership with the private sector and the General Assembly, continue to make the new Virginia economy stronger,” said Secretary of Commerce and Trade Todd Haymore.  “Thanks to our efforts in economic and workforce development, we’re attracting new businesses to the Commonwealth and helping existing employers grow. Today’s announcement is great news for Virginia, and I look forward to continuing this momentum in the coming months.”

Virginia’s nonfarm payroll employment is 58,700 jobs higher when compared to August of 2016. Over-the-year employment growth in Virginia has been positive for 41 consecutive months. In August, Virginia’s over-the-year growth of 1.5 percent exceeded the national growth rate of 1.4 percent.

In August, the private sector recorded an over-the-year gain of 60,000 jobs, while the public sector recorded an over-the-year loss of 1,300 jobs. Compared to a year ago, on a seasonally adjusted basis, eight of the eleven major industry divisions experienced employment gains.

For a greater statistical breakdown visit the Virginia Employment Commission’s website at

Books from AFP

2018-19 UVA Basketball Preview: Just $1.99 on Amazon!

UVA Basketball finished the 2017-18 season ranked at the top of the national polls. Augusta Free Press editor Chris Graham offers his insight and analysis on the 2018-19 'Hoos, breaking down the roster, the legacy of coach Tony Bennett, and how the loss to UMBC could fuel a run through March Madness next spring.

The Worst Wrestling Pay-Per-View Ever: Just $3.49 on Amazon!

Chris Graham offers a glimpse behind the curtain of the pro wrestling business in his new book, The Worst Wrestling Pay-Per-View Ever, the inside story of the 2011 Night of Legends, a live pay-per-view event featuring stars including WWE Hall of Famers Kevin Nash, "Hacksaw" Jim Duggan and The Rock 'n Roll Express that was met with almost universally negative reviews.

Mad About U: History of University Hall available on Amazon for just $5.99!

Mad About U: Four Decades of at University Hall is a comprehensive book covering the players, coaches and memories of University Hall at the University of Virginia. Join us as we look back at the memories from more than 40 years in U Hall.

News From Around the Web

Shop Google