Virginia unemployment lowest since 2008 – Roanoke MSA gains 900 jobs

Friday, April 21, 2017

Virginia’s seasonally adjusted unemployment rate was down 0.1 percentage point in March to 3.8 percent, the third consecutive monthly decline, and was down 0.2 percentage point from last March. The seasonally adjusted unemployment rate of 3.8 percent is the lowest rate since the May 2008 rate of 3.8 percent. The labor force expanded for the […]

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Unemployment in Virginia lowest since 2008 – Roanoke MSA loses jobs in February

Friday, March 24, 2017

Virginia’s seasonally adjusted unemployment rate was down 0.1 percentage point in February to 3.9 percent, the second consecutive monthly decline, and was also down 0.1 percentage point from last February. The seasonally adjusted unemployment rate of 3.9 percent is the lowest rate since the June 2008 rate of 3.9 percent. Virginia has the second-lowest unemployment […]

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Gov. McAuliffe announces Virginia revenue collections are up 3.6%

Monday, March 13, 2017

RICHMOND – Governor McAuliffe announced today that general fund revenue collections for February increased 3.6 percent. On a fiscal year-to-date basis, total revenue collections rose 4.5 percent, ahead of the annual forecast of 2.9 percent growth. “Even though February is not a significant month for state revenue collections, continued growth is a great sign that […]

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Governor vetoes bill that attempts to hold down wages of contractors

Friday, March 10, 2017

Governor Terry McAuliffe has vetoed House Bill 1596 that  prohibit a state agency from requiring a bidder, contractor or subcontractor from performing services at rates based on prevailing wages and benefits. “Projects and employers who adhere to prevailing wage standards improve the lives of working families and enrich their communities. This legislation would have the […]

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Data shows economic impact and critical need for immigration reform

Tuesday, February 21, 2017

Data shows economic impact and critical need for immigration reform

RICHMOND, VA – New research has been released on the contributions of immigrants in Virginia’s 6th Congressional district and highlight the critical need for immigration reform. Spearheaded by New American Economy (NAE), the event marks the launch of Map the Impact-a campaign to highlight the power of immigrants in communities across the country. This effort […]

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Virginia state revenue rises 7.4 percent in January

Monday, February 13, 2017

Governor Terry McAuliffe announced today that January General Fund revenues rose 7.4 percent from the previous January. On a fiscal year-to-date basis, total revenue collections rose 4.6 percent through January, ahead of the revised annual forecast of 2.9 percent growth. “Although we are slightly ahead of the forecast in payroll withholding collections, about 43 percent […]

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Steel Dynamics to invest $28 million in upgrades and training of existing employees

Thursday, February 2, 2017

Steel Dynamics to invest $28 million in upgrades and training of existing employees

Governor Terry McAuliffe announced today that Steel Dynamics, one of the largest domestic steel producers and metals recyclers in the United States, will invest $28 million in its Roanoke Bar Division in the City of Roanoke to purchase new equipment and make facility enhancements, including railroad track upgrades, and increasing capacity of its rolling mill […]

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Virginia hospitals employ 125,674 and contribute $40 billion to state’s economy

Wednesday, February 1, 2017

Hospitals in Virginia continue to serve as indispensable community pillars that provide public access to essential health services and are economic cornerstones. Newly available data show Virginia hospitals in 2015 employed 125,674 people in good-paying jobs, with payroll and benefits totaling $8.5 billion. Hospitals in the Commonwealth also spent nearly $18.7 billion in our communities […]

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Roanoke Metropolitan Area posts largest December job gains

Tuesday, January 24, 2017

Roanoke Metropolitan Area posts largest December job gains

Roanoke Metropolitan Statistical Area that includes Roanoke City, Roanoke County, Botetourt County, Craig County, Salem City and Franklin County had Decembers largest employment gain in Virginia coming in at an increase of 600 jobs. Virginia’s seasonally adjusted unemployment rate was down 0.1 percentage point in December to 4.1 percent, after increasing the previous four months. […]

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College costs are out of control says a Virginia poll – hurting the state’s economy

Monday, January 16, 2017

According to a poll released today by Partners 4 Affordable Excellence @EDU, Virginia voters – in fact, more than 85 percent – believe improving the affordability and accessibility of Virginia’s public colleges and universities would help solve one of the state’s thorniest problems: its sluggish economy. The poll, conducted January 3-5 by two of America’s […]

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Virginia November unemployment steady, labor force increases, Roanoke MSA has slight loss

Friday, December 16, 2016

Virginia November unemployment steady, labor force increases, Roanoke MSA has slight loss

RICHMOND—Virginia’s seasonally adjusted unemployment rate was up 0.1 percentage point in November to 4.2 percent from October’s revised rate of 4.1 percent. Compared to a year ago, the seasonally adjusted unemployment rate was unchanged. The labor force expanded for the fourth consecutive month to 4,261,091, a record high. The labor force increased by 13,797 in […]

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Novatech Group to invest $3 million in Martinsville and create 50 new jobs

Tuesday, December 13, 2016

MARTINSVILLE – Governor Terry McAuliffe today announced that Novatech Group, a leading Quebec manufacturer of doorglass, steel doors, patio doors, retractable screens, and insulated glass with or without blinds, will invest $3 million to establish its first U.S. manufacturing operation in Henry County. The company will lease a 100,000-square-foot facility to produce and distribute a […]

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