Ellen Marie Hess Commissioner For Release: October 21, 2016 Contact: Ann Lang, Senior Economist Economic Information & Analytics Division (804) 786-3177 or (804) 786-7496 Follow us on Twitter, http://twitter.com/VirginiaLMI. Virginia’s Seasonally Adjusted Unemployment Rate Was Up 0.1 Percentage Point in September to 4.0 Percent —Seasonally adjusted nonfarm employment was up 13,400 jobs between August 2016 and September 2016— RICHMOND—Virginia’s seasonally adjusted unemployment rate was up 0.1 percentage point in September to 4.0 percent, but was down 0.2 percentage point from last September. The labor force expanded for the second consecutive month, increasing by 19,690, or 0.5 percent, as both the number of people reporting that they were working and number of people seeking work increased. Household employment rose by 13,472, or 0.3 percent, after declining the previous six months, and the number of unemployed rose by 6,218, or 3.8 percent. Virginia’s seasonally adjusted unemployment rate continues below the national rate, which was up 0.1 percent in September to 5.0 percent. Virginia’s seasonally adjusted nonfarm employment increased by 13,400 jobs in September to a total of 3,945,300. With the release of September’s job figures, the preliminary August job gain was revised downward by 1,300 jobs to a gain of 11,800 jobs from an initially reported increase of 13,100 jobs. However, over the past four months, seasonally adjusted nonfarm employment has increased, with the size of each month’s gain exceeding the previous month’s gain. In September, private sector employment increased by 14,500 jobs to 3,229,300, while public sector payrolls decreased by 1,100 jobs to 716,000. From August 2016 to September 2016, seasonally adjusted employment increased in seven major industry divisions and decreased in the other four. The largest increase during September occurred in the leisure and hospitality sector, which posted a gain of 5,800 jobs to 393,200. September’s job gain was the second consecutive monthly increase; however, total employment remains below the March 2016 high of 396,700. The professional and business services sector recorded the next largest over-the-month (more) -2- employment increase, with a gain of 3,100 jobs to 726,900. The third largest over-the-month gain occurred in trade and transportation, with a gain of 2,700 jobs to 677,600. Other job gains were: 1,700 jobs in construction to 188,800; 1,300 jobs in miscellaneous services to 205,000; 1,200 jobs in finance to 200,900; and 100 jobs in mining to 8,300. The largest decrease during September occurred in total government, which declined by 1,100 jobs to 716,000. For total government, the losses in federal (-800 jobs) and local (-700 jobs) government employment outweighed the gain in state government employment (+400 jobs). Other job losses were: 900 jobs in manufacturing to 229,500; 300 jobs in information to 68,400; and 200 jobs in private education and health services to 530,700. Nonfarm Employment in Virginia* Seasonally Adjusted Industry Total Nonfarm Employment September 2016 August 2016 September 2015 August 2016 to September 2016 Change % Change September 2015 to September 2016 Change % Change 3,945,300 3,931,900 3,864,200 +13,400 +0.3% +81,100 +2.1% 3,229,300 3,214,800 3,152,400 +14,500 +0.5% +76,900 +2.4% 426,600 425,700 427,100 +900 +0.2% -500 -0.1% 8,300 8,200 8,900 +100 +1.2% -600 -6.7% Construction 188,800 187,100 184,800 +1,700 +0.9% +4,000 +2.2% Manufacturing 229,500 230,400 233,400 -900 -0.4% -3,900 -1.7% Total Private Sector Goods-Producing Mining Service-Providing 3,518,700 3,506,200 3,437,100 +12,500 +0.4% +81,600 +2.4% 2,802,700 2,789,100 2,725,300 +13,600 +0.5% +77,400 +2.8% 677,600 674,900 658,900 +2,700 +0.4% +18,700 +2.8% 68,400 68,700 69,600 -300 -0.4% -1,200 -1.7% Finance 200,900 199,700 198,200 +1,200 +0.6% +2,700 +1.4% Professional and Business Services 726,900 723,800 699,100 +3,100 +0.4% +27,800 +4.0% Education and Health Services 530,700 530,900 513,200 -200 -0.0% +17,500 +3.4% Leisure and Hospitality Services 393,200 387,400 387,300 +5,800 +1.5% +5,900 +1.5% Miscellaneous Services 205,000 203,700 199,000 +1,300 +0.6% +6,000 +3.0% Government 716,000 717,100 711,800 -1,100 -0.2% +4,200 +0.6% Federal Government 178,300 179,100 177,200 -800 -0.4% +1,100 +0.6% State Government 163,700 163,300 160,800 +400 +0.2% +2,900 +1.8% Local Government 374,000 374,700 373,800 -700 -0.2% +200 +0.1% Private Service-Providing Trade, Transportation, and Utilities Information *Current month's estimates are preliminary. From September 2015 to September 2016, Virginia’s seasonally adjusted total nonfarm employment was up 81,100 jobs, or 2.1 percent, surpassing the national growth rate of 1.7 percent. With the September over-the-year growth of 2.1 percent, Virginia’s growth once again exceeds 2.0 percent after falling below that threshold during the May to August period. In September, over-the-year gains were recorded in both the private sector (+76,900 jobs) and in the public sector (+4,200 jobs). (more) -3- Compared to a year ago, on a seasonally adjusted basis, eight of the eleven major industry divisions experienced employment gains, while three experienced employment losses. The largest over-theyear job gain occurred in professional and business services, up 27,800 jobs, or 4.0 percent. The next largest over-the-year job gain occurred in trade and transportation, up 18,700 jobs, or 2.8 percent. Private education and health services posted the third largest over-the-year job gain, up 17,500 jobs, or 3.4 percent. Other gains were in miscellaneous services, up 6,000 jobs, or 3.0 percent; leisure and hospitality, up 5,900 jobs, or 1.5 percent; total government, up 4,200 jobs, or 0.6 percent; construction, up 4,000 jobs, or 2.2 percent; and finance, up 2,700 jobs, or 1.4 percent. Employment gains occurred in all levels of government: state (+2,900 jobs), federal (+1,100 jobs), and local (+200 jobs). Compared to a-yearago September, the largest job loss occurred in manufacturing, down 3,900 jobs, or 1.7 percent. The 4,500 job loss in durable goods manufacturing outweighed the 600 job gain in non-durable goods manufacturing. The other job losses occurred in information, which was down 1,200 jobs, or 1.7 percent, and mining, which was down 600 jobs, or 6.7 percent. Total Nonfarm Employment in Virginia* Seasonally Adjusted Area Employment September 2016 August 2016 August 2016 to September 2016 September 2015 Change % Change September 2015 to September 2016 Change % Change 3,945,300 3,931,900 3,864,200 +13,400 +0.3% +81,100 +2.1% 77,300 78,400 77,300 -1,100 -1.4% +0 +0.0% 118,000 117,300 113,400 +700 +0.6% +4,600 +4.1% 64,600 64,400 64,500 +200 +0.3% +100 +0.2% 103,600 104,300 104,200 -700 -0.7% -600 -0.6% 1,442,700 1,437,400 1,410,600 +5,300 +0.4% +32,100 +2.3% Richmond MSA 675,400 676,100 655,900 -700 -0.1% +19,500 +3.0% Roanoke MSA Virginia Beach-NorfolkNewport News, Virginia/North Carolina MSA Winchester, Virginia/West Virginia MSA 163,100 163,800 161,100 -700 -0.4% +2,000 +1.2% 770,900 768,400 766,800 +2,500 +0.3% +4,100 +0.5% 64,000 63,500 61,700 +500 +0.8% +2,300 +3.7% Virginia Blacksburg-ChristiansburgRadford MSA Charlottesville MSA Harrisonburg MSA Lynchburg MSA Northern Virginia MSA *Current month's estimates are preliminary. With the new metropolitan area definitions, seasonally adjusted total nonfarm employment data is being produced for nine metropolitan areas. In September, five metropolitan areas experienced over-themonth job gains, while four metropolitan areas experienced employment declines. The largest absolute job gain occurred in the Northern Virginia metropolitan area, with a gain of 5,300 jobs. The Virginia BeachNorfolk-Newport News metropolitan area experienced the next largest gain, adding 2,500 jobs. The other metropolitan areas that experienced job gains were: Charlottesville (+700 jobs), Winchester (+500 jobs), and Harrisonburg (+200 jobs). The largest absolute job loss occurred in the Blacksburg-Christiansburg- (more) -4- Radford metropolitan area, with a loss of 1,100 jobs. The other three metropolitan areas that experienced losses were: Lynchburg, Richmond, and Roanoke, with losses of 700 jobs each. Over the year, seasonally adjusted total nonfarm employment increased in seven metropolitan areas, decreased by 600 jobs in the Lynchburg metropolitan area, and remained unchanged in the Blacksburg-Christiansburg-Radford metropolitan area. The Northern Virginia metropolitan area experienced the largest absolute job gain, up 32,100 jobs, or 2.3 percent. Richmond was ranked second, with a job gain of 19,500 jobs, or 3.0 percent, and Charlottesville was ranked third, with a job gain of 4,600 jobs, or 4.1 percent. The other metropolitan areas with over-the-year job gains were: Virginia BeachNorfolk-Newport News (+4,100 jobs), Winchester (+2,300 jobs), Roanoke (+2,000 jobs), and Harrisonburg (+100 jobs). NOT SEASONALLY ADJUSTED DATA Virginia’s unadjusted unemployment rate was down 0.1 percentage point in September to 4.0 percent and was down 0.1 percentage point below the September 2015 rate. Compared to a year ago, the number of unemployed dropped by 4,377, household employment increased by 19,909, and as a result, the labor force rose by 15,532. Virginia’s not seasonally adjusted unemployment rate continues below the national unadjusted rate, which was down 0.2 percentage point in September to 4.8 percent. Compared to last month, the September unadjusted workweek for Virginia’s 166,400 manufacturing production workers increased by 0.3 hour to 41.1 hours, average hourly earnings decreased by $0.14 to $19.38, and average weekly earnings increased by $0.10 to $796.52. Compared to last September, the unadjusted workweek decreased by 3.2 hours, average hourly earnings decreased by $0.87, and average weekly earnings were lower by $100.56. The statistical reference week for the household survey this month was the week of September 11-17, 2016. The Virginia Employment Commission plans to release the September local area unemployment rates on Wednesday, November 2, 2016. The data will be available on our website, www.VirginiaLMI.com. The October statewide unemployment rate and employment data for both the state and metropolitan areas are scheduled to be released on Friday, November 18, 2016. ### (more)
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