Virginia Beach
| Data Series | Jan 2022 | May 2022 |
|---|---|---|
| Unemployment Rate(2) | 3.9 | 3.4 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 761.3 | 780.6 |
| 12-month % change | 1.1 | 1.7 |
What is the unemployment rate in Virginia right now?
Virginia’s Seasonally Adjusted Unemployment Rate Increased 0.7 Percentage Point in March to 3.3 Percent. RICHMOND — Virginia’s seasonally adjusted unemployment rate increased 0.7 percentage point in March to 3.3 percent, which is 0.4 percentage point above the rate from a year ago.
How is the economy in Virginia Beach?
The US average is 7.3%. – The Income Tax Rate for Virginia Beach is 5.8%. The US average is 4.6%.
Income and Salaries for Virginia Beach.
| ECONOMY | Virginia Beach, Virginia | United States |
|---|---|---|
| Unemployment Rate | 4.8% | 6.0% |
| Recent Job Growth | -5.8% | -6.2% |
| Future Job Growth | 33.2% | 33.5% |
| Sales Taxes | 6.0% | 6.2% |
What is the job market like in Virginia Beach?
Job Market
| Virginia Beach, VA | Richmond, VA | |
|---|---|---|
| Current Unemployment | 4.8% | 7.1% |
| Future Job Growth | 33.2% | 37.1% |
| Recent Job Growth | -5.8% | -5.6% |
| 3 Yr. Job Growth | -3.8% | -2.7% |
Which state has the highest current unemployment rate?
Here are the 10 states with the highest unemployment rate: New Mexico (5.30%) Nevada (5.00%) Alaska (4.90%)
Unemployment Rate by State 2022.
| State | Unemployment Rate |
|---|---|
| New Mexico | 5.30% |
| Nevada | 5.00% |
| Alaska | 4.90% |
| Pennsylvania | 4.80% |
What is the average weekly wage in Virginia?
| Area | Establishments | Average weekly wage (1) |
|---|---|---|
| United States (2) | 11,194,120 | $1,418 |
| Virginia | 303,402 | 1,424 |
| Accomack | 1,063 | 992 |
| Albemarle | 3,944 | 1,383 |
How is the job market in Virginia?
As of December 2021, there were about 3.98 million jobs across the commonwealth, which is 101,000 jobs short of where we were before the pandemic began. Another way to look at it: Virginia’s job base is at about 97.5% of where it was before the pandemic sent shock waves through the economy.
Who is the largest employer in Virginia Beach?
Gold Key | PHR
Gold Key | PHR is the Virginia Beach Oceanfront’s largest employer with over 2,200 associates in peak season.
What percent of Virginia Beach is black?
18.82%
According to the most recent ACS, the racial composition of Virginia Beachwas: White: 65.06% Black or African American: 18.82%
What is the cost of living in Virginia Beach?
Virginia Beach cost of living is 105.6
| COST OF LIVING | Virginia Beach | Virginia |
|---|---|---|
| Grocery | 100.3 | 99.6 |
| Health | 108.8 | 102.4 |
| Housing | 116 | 111.8 |
| Median Home Cost | $320,700 | $329,200 |
Why are people moving to Virginia Beach?
Virginia Beach is known as an ideal remote working destination as well with its skilled workforce, diverse economy, low tax rates, and beautiful scenery. VirginiaBeach is a resort city with hundreds of hotels and restaurants along the oceanfront. It’s also an independent city with a population of about 459,470.
Does Virginia Beach have a high crime rate?
The chance of becoming a victim of either violent or property crime in Virginia Beach is 1 in 63. Based on FBI crime data, Virginia Beach is not one of the safest communities in America. Relative to Virginia, Virginia Beach has a crime rate that is higher than 71% of the state’s cities and towns of all sizes.
What city in Virginia has the most jobs?
Detailed List Of The Hottest Job Markets In Virginia
| Rank | Place | Unemployment Rate |
|---|---|---|
| 1 | Vienna | 3.33% |
| 2 | Falls Church | 3.87% |
| 3 | Charlottesville | 4.07% |
| 4 | Fairfax | 4.04% |
What state has the most job opportunities 2022?
Outside of this, about 22.5 million Americans work in government and 12.9 million work in manufacturing. In addition to the 157 million people in the American labor force, there are about 16 million people who are self-employed.
Employment Rate by State 2022.
| State | Employment Rate |
|---|---|
| Hawaii | 97.40% |
| New Hampshire | 97.40% |
| Virginia | 97.40% |
| Alabama | 97.30% |
What State has lowest unemployment?
Unemployment Minnesota had the lowest jobless rate in June, 1.8 percent, closely followed by Nebraska, 1.9 percent. The next lowest rates were in New Hampshire and Utah, 2.0 percent each.
What states have the worst unemployment?
The District of Columbia and New Mexico had the highest unemployment rate in June, at 5.5% and 4.9%, respectively. Minnesota had the lowest rate at 1.8%, followed by Nebraska at 1.9%. The map below shows the most recent unemployment rate for every state, according to BLS data.
What is a livable salary in Virginia?
Living Wage Calculation for Richmond city, Virginia
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $18.93 | $38.31 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $11.00 | $11.00 |
What is middle class income in Virginia?
(The Center Square) – In Virginia, households must earn a minimum of $32,507 per year to be considered middle class, with the upper earnings boundary set at $156,063, according to a new 24/7 Wall St. analysis.
What is a good salary in Virginia?
As of Aug 3, 2022, the average annual pay for the Above Average jobs category in Virginia is $54,767 a year. Just in case you need a simple salary calculator, that works out to be approximately $26.33 an hour.
Will Virginia state employees get a raise in 2022?
Chapter 2 of the 2022 Virginia Acts of Assembly, Special Session I authorizes a five percent salary increase effective July10, 2022 for eligible full- and part- time classified and other salaried state employees, including appointed, at-will, and faculty employees, except those employees who will be receiving a
What is the main industry in Virginia Beach?
Tourism is an important contributor to the Virginia Beach local economy and a multimillion-dollar industry that supports thousands of jobs.