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Commonwealth Economic Dashboard
Select Area:
VA
Blacksburg-Christiansburg-Radford
Charlottesville
Harrisonburg
Lynchburg
Richmond
Roanoke
Staunton-Stuarts-Draft
Virginia-Beach-Chesapeake-Norfolk
Winchester
Washington-Arlington-Alexandria
Real GDP
2025 Q1
$622.87 bil
-0.5% from 2024 Q4
Unemployment Rate
June 2025
3.3%
0.7 points from June 2024
Total Nonfarm Employment
2025 Q2
4.28 mil
1.1% from 2024 Q2
Size of the Labor Force
June 2025
4.56 mil
-0.5% from June 2024
Average Weekly Wages
2024 Q4
$ 1,546
4.3% from 2023 Q4
Initial Unemployment Claims
March 2025
12,203
0.4% from March 2024
Taxable Retail Sales
2025 Q1
$ 43.03 bil
1.5% from 2024 Q1
FHFA Housing Price Index
2025 Q1
386.1
6.5% from 2024 Q1
Hotel Revenue per Available Room (REVPAR)
YTD April 2025
$74.35
2.3% from YTD April 2024