Virginia’s employment dips slightly in February but long-term job growth remains strong

Richmond, Virginia – Governor Glenn Youngkin announced yesterday that, despite a slight decline in employment in February 2025, Virginia’s economy remains strong and continues to outperform national averages in several key areas. According to the Current Employment Statistics (CES) report, the state experienced a loss of 1,000 nonfarm payroll jobs, and the labor force participation rate dropped 0.1 percentage points, settling at 65.7 percent.

Meanwhile, data from the Bureau of Labor Statistics’ (BLS) Local Area Unemployment Statistics (LAUS) survey showed the unemployment rate in Virginia ticking up slightly to 3.1 percent, though it remains a full percentage point lower than the national average.

“Job growth in February was down a little at -1000 and unemployment remains low at 3.1%, a full point lower than the national rate,” said Governor Glenn Youngkin. “Virginia’s economy remains strong with more than $100 billion in capital investment committed by companies growing in Virginia, 259,000 open jobs across the Commonwealth, and our ongoing workforce development initiatives connecting skilled workers to in-demand industries.”

Economic Strength Despite Monthly Fluctuations

While the February data showed a modest retreat, Virginia has added more than 54,000 jobs since February 2024, and over 260,000 new jobs since January 2022, signaling a robust pattern of long-term economic growth.

Bryan Slater, Secretary of Labor, acknowledged the monthly decline but stressed the bigger picture.
“While February’s employment numbers show some fluctuation, our labor market remains competitive. The fact that our unemployment rate is still a full percentage point below the national average underscores the strength of our economy. Our outlook remains positive, and we remain committed to ensuring Virginians have the training and support needed to connect with high-quality jobs.”

Juan Pablo Segura, Secretary of Commerce and Trade, echoed this sentiment and highlighted the state’s appeal for businesses and workers. “Virginia remains a top destination for business and talent, and we continue to see companies invest in our state. We are working closely with businesses to create an environment where they can expand and where Virginians can access meaningful, high-paying careers.”

Employment Snapshot and Ongoing Efforts

According to preliminary statistics from the LAUS survey, February’s total job loss stood at 8,200, marking a decline following gains in December and January. Despite this monthly dip, the broader employment landscape remains strong. Since January 2022, the total number of nonfarm payroll jobs has increased by approximately 200,000, and the overall labor force has grown by over 221,000 people.

Key statistics for February 2025 include:

• Nonfarm payroll employment: 4,455,800

• Labor force size: 4,596,000

• Unemployed individuals: 140,200

• Unemployment rate: 3.1 percent

For more details on Virginia’s workforce data and employment trends, visit the Department of Workforce Development and Advancement at https://virginiaworks.com.

While monthly job numbers may fluctuate, Virginia’s long-term employment outlook remains positive, backed by continued investment, a committed workforce, and state-led initiatives focused on skills development and economic growth.