Northern Virginia Real Estate: Vienna, Oakton, McLean, Great Falls, Reston, Fairfax, and surrounding areas.

Home|Blog|FAQ|Newsletter|About Us|Bookmark Us|Contact Us
Search our Real Estate Listings!Search our MLS Listings!Real Estate ResourcesInformation on Selling your PropertyNorthern Virginia Community InformationWhy our Real Estate Services are superior!Read about our N. Virginia Real Estate Successes here!Northern Virginia Real Estate News!
Featured Home
Northern Virginia Real Estate Associations

03/15/2007 Fairfax Jobs Picture Remains Solid

by SCOTT McCAFFREY, Staff Writer

Fairfax County's unemployment rate grew in January, part of a seasonal trend that is expected to ebb by spring.

A total of 12,976 members of the county's workforce of nearly 600,000 were looking for work during the month, resulting in an unemployment rate of 2.2 percent, according to figures reported March 14 by the Virginia Employment Commission.

That's up from the 1.9-percent rate recorded in December, but is still among the lowest unemployment rates in the commonwealth.

Rising unemployment rates during the first months of a year are par for the course, said William Mezger, chief economist for the Economic Information Services Division of the Virginia Employment Commission.

“This is a fairly usual December-to-January rise in unemployment,” Mezger said.

Why? There are a number of reasons: The holiday retail hiring period is over; the tourism industry is dormant; construction activities slow down; the downstate motor-vehicle industry furloughs workers; and educators at public colleges and universities are waiting for classes to start back up.

Statewide, the unemployment rate ticked up from 2.7 percent in December to 3.2 percent in January. That compares to a national unemployment rate of 5 percent in January, up from 4.3 percent a month before.

Northern Virginia's 2.3-percent unemployment rate in January was up from 1.9 percent a month before, but still posted the best jobs picture among all regions of the commonwealth.

For the month, Arlington had the best employment picture of any of Virginia's 134 cities and counties, at 2 percent. Arlington eclipsed Loudoun County, whose unemployment rate spiked from a rock-bottom 1.6 percent in December to 2.2 percent in January.

Among other jurisdictions in Northern Virginia, the city of Alexandria posted an unemployment rate of 2.2 percent in January, Prince William County posted a 2.5-percent rate, and the city of Falls Church posted a 3.2-percent rate.

The highest unemployment rate for the month, statewide, was recorded in the city of Danville, which reported a 9.5-percent rate.

Mezger said the unemployment rate likely will rise slightly higher when February figures are reported next month, then decline into spring, as construction and tourism jobs are filled again.

“February normally sees the lowest employment level for the year,” he said.

Copyright © 2007 Suburban Washington Newspapers Inc. What's your opinion? Send letters to gazettenews@acnpapers.com

Other News

11/17/2008 Keller Williams - Northwest Market Center to Pilot Goomzee’s Text Message Marketing Platform
11/11/2008 Fairfax Home Sales Continue Rebound, But Prices Are Still Down
11/08/2008 Change You Won't See...Elections Don't Do Much to Local Home Market
11/05/2008 Tangles in the Vine - A Storied Va. Winery Is Up for Sale, but a Complex Family Dispute Has Confronted Potential Buyers
10/31/2008 “…worst since the Great Depression”
10/27/2008 Stocks Gain on Surprise Rise in New Homes Sales
10/24/2008 Past, Present, Future: Northern Virginia’s Big Picture Shows Diversity, Job Growth
09/29/2008 A Surprising Safe Haven for Savings - An Emerging Story Beneath the Headlines
09/22/2008 NAR Gets Behind Efforts to Restore Market
09/09/2008 Market Welcomes Takeover
09/08/2008 Keller Williams Only Leading Residential Real Estate Franchise in North America Named to Inc 5000 Fastest Growing Private Companies
09/02/2008 July National Existing-Home Sales Show Gain
08/18/2008 8 Reasons Your Home Hasn’t Sold Yet- Advice for Frustrated Clients
08/12/2008 July 2008 Housing Data - Northern Virginia
08/07/2008 Summary of Key Provisions of the Housing Stimulus Bill Signed by President Bush
08/04/2008 Mid Year Trends in Housing Report from MRIS
08/01/2008 New Property Tax Rates in Virginia for 2009
07/24/2008 NAR, Mayors Recognize Alexandria, Va., for Housing Initiatives
07/15/2008 2008 NVAR Economic Summit
06/26/2008 May Existing-Home Sales Show Modest Gain
06/16/2008 Rates Creep Up
06/15/2008 Where Short Sales Stumble
06/10/2008 Northern VA Market Update
05/21/2008 Keller Williams Offices Shine on Industry Surveys
05/10/2008 April 2008 Home Sale Statistics from Northern Virginia Association of Realtors
05/07/2008 Owners Still Upbeat About Home Values
04/25/2008 The Belt Team is On The Move!
04/15/2008 Gail Belt Awarded Medallion of Membership in Omega Tau Rho
04/10/2008 The Upside of Being Inside The Beltway
03/05/2008 County To Change Assessment Configuration
03/03/2008 Fairfax County to Revisit Land/Building Allocations in Tax Assessments
02/14/2008 Time Magazine Says "Ignore the Headlines....Finance costs will rise as the economy recovers, so trying to time real estate might not pay off"
02/10/2008 Buyers Are Starting To Realize that Solid Inventory and Low Interest Rates Spell Opportunity
03/20/2007 Northern Virginia Housing Supply Still Lags Jobs Market