Governor Glenn Youngkin Announces Continued Job Growth with 15,000 New Jobs Added in June

Governor Glenn Youngkin Announces Continued Job Growth with 15,000 New Jobs Added in June

RICHMOND, VA - Governor Glenn Youngkin today announced that according to BLS' Current Employment Statistics Survey ("CES" or "establishment survey"), Virginia reported non-farm payroll employment gains of 15,000 in the month of June, totaling 258,000 more jobs since January 2022. According to BLS Local Area Unemployment Statistics ("LAUS", or "the household survey"), Virginia's seasonally adjusted unemployment rate remained unchanged at 2.7 percent in June, which is 0.1 percentage points above the rate from a year ago. This is 1.4 percentage points below the national rate, which increased by 0.1 percent to 4.1 percent over the month.

"Virginia's continued, strong job growth this month reflects the success of our pro-business, pro-growth efforts that make Virginia the best state in the nation for business,"said Governor Glenn Youngkin."We will stay focused on driving policies that unleash record job growth and opportunity for all Virginians, while also providing record state resources to continue bringing down taxes, making critical investments in key priorities, and attracting business expansion in the Commonwealth."

"Amidst national fluctuations, Virginia's employment landscape remains robust," said Secretary of Labor Bryan Slater."Maintaining a steady unemployment rate at 2.7 percent demonstrates a strong employment situation; at the same time, we're committed to getting more Virginians off the sidelines by providing training and resources to get Virginians back in the labor force to secure stable, well-paying jobs."

"Job growth in the Commonwealth continues, emphasizing Virginia's appeal as the best state in the nation for business," said Secretary of Commerce and Trade Caren Merrick."Our commitment to economic excellence ensures that our state continues to be an attractive place for businesses to grow and for Virginians to find meaningful employment opportunities."

According to BLS' household survey, the number of employed residents decreased modestly by 1,786 to 4,452,426. The labor force decreased by 4,155 to 4,574,821, and the labor force participation rate decreased to 66.2 percent, as the number of unemployed residents decreased by 2,369 to 122,395. The labor force participation rate measures the proportion of the civilian population age 16 and older that is employed or actively looking for work.

The CES survey uses payroll records of establishment employers and is designed to provide a count of jobs under which the employer pays unemployment insurance. The LAUS survey is based on household interviews conducted each month for the Bureau of Labor Statistics and provides comprehensive data on the labor force, including those who are employed and unemployed. The household survey only distinguishes between whether a person is employed or unemployed, whereas CES counts each employee that is on an employer's payroll. CES excludes business owners, self-employed persons, unpaid volunteers and private household workers, and those on unpaid leave or not working because of a labor dispute.

For more details, visit the Virginia Works LMI website at https://virginiaworks.com/

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