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Commonwealth Economic Dashboard
Select Area:
VA
Blacksburg-Christiansburg-Radford
Charlottesville
Harrisonburg
Lynchburg
Richmond
Roanoke
Staunton-Waynesboro
Virginia Beach-Norfolk-Newport News
Winchester
Washington-Arlington-Alexandria
Real GDP
2023 Q4
$598.04 bil
3.4% from 2022 Q4
Unemployment Rate
March 2024
2.9%
0.0 points from March 2023
Total Nonfarm Employment
2023 Q4
4.21 mil
1.8% from 2022 Q4
Size of the Labor Force
March 2024
4.59 mil
1.0% from March 2023
Average Weekly Wages
2023 Q3
$1,383
0.5% from 2022 Q3
Initial Unemployment Claims
March 2024
8,965
-9.4% from March 2023
Taxable Retail Sales
2023 Q4
$46.62 bil
0.4% from 2022 Q4
FHFA Housing Price Index
2023 Q4
357.27
6.6% from 2022 Q4
Hotel Revenue per Available Room (REVPAR)
YTD March 2024
$66.35
4.4% from YTD March 2023