Charlottesville area employment showing positive

By
Real Estate Agent with Roy Wheeler Realty Co.

emoyment numbers up in charlottesville va areaEvidence points to slow, but nevertheless consistent, growth in Charlottesville-area employment numbers.  According to a January 4, 2011, article by Daily Progress writer Bryan McKenzie, Area Jobless Rates Mostly Hold Steady....


“Central Virginia’s unemployment rate stayed stable through November, according to figures released Tuesday by the Virginia Employment Commission. The Charlottesville Metropolitan Statistical Area — which is made up of the City of Charlottesville, as well as the counties of Albemarle, Fluvanna, Greene  and Nelson  — had a 5.4 percent unemployment rate in November, equal to October’s figure and a tenth of a percentage point higher than November 2009’s 5.3 percent.

That’s good, though not great, news, area business leaders said.  “We’re treading water. Unfortunately, the water’s deep,” said Timothy Hulbert, president and chief executive of the Charlottesville Regional Chamber of Commerce.   “We want to get those numbers down and there’s a lot of evidence — from car sales and factory orders being up to the Dow and Nasdaq figures rising — that it could happen sooner than later.”

Charlottesville’s rate declined to 6 percent in November from October’s 6.1 percent. That compares with November 2009’s 5.7 percent rate. Albemarle County’s 5 percent rate was lower than October’s 5.2 percent but higher than November 2009’s rate of 4.8 percent, figures show.

Albemarle had the lowest unemployment rate in Central Virginia, followed by Greene and Fluvanna counties’ 5.3 percent rates.  Buckingham County had the highest regional rate at 9.4 percent, up from October’s 8.8 percent and November 2009’s 8.1 percent. Louisa County’s rate rose to 7.9 percent in November from 7.2 percent, but it was still lower than November 2009’s 8.2 percent rate.

“It was pretty much a month of maintaining the status quo with a few dips and increases, but nothing that major,” said Ann D. Lang, economist with the employment commission. “Smaller counties like Buckingham have smaller populations and there can be wide swings in the rate with a relatively small number of people either being employed or unemployed.”

 

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Comments 2 New Comment

Rainmaker
1,056,636
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

The Central Virginia area is certainly BLESSED with excellent employers and a fairly stable economy.  We have benefited from the expansion of the NGIC & DIA and the new Martha Jefferson Hospital that will open on Pantops this year!!!

January 09, 2011 09:59 AM
Rainer
148,540
Virginia Gardner
Realtor, Charlottesville, Serving Central Virginia
Roy Wheeler Realty Co.

Hey Wallace.  You're certainly right about that!

January 09, 2011 10:28 AM
Rainer
148,540

Virginia Gardner

Realtor, Charlottesville, Serving Central Virginia
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