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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
2024 Q2
$613.51 bil
12.7% from 2023 Q2
Unemployment Rate
November 2024
3.0%
-0.1 points from November 2023
Total Nonfarm Employment
2024 Q3
4.25 mil
1.7% from 2023 Q3
Size of the Labor Force
November 2024
4.58 mil
0.0% from November 2023
Average Weekly Wages
2024 Q2
$ 1,436
4.8% from 2023 Q2
Initial Unemployment Claims
November 2024
8,328
0.2% from November 2023
Taxable Retail Sales
2024 Q3
$ 46.84 bil
0.4% from 2023 Q3
FHFA Housing Price Index
2024 Q3
378.9
6.3% from 2023 Q3
Hotel Revenue per Available Room (REVPAR)
YTD December 2024
$82.45
2.8% from YTD December 2023