States · Virginia

Virginia Economy — Live Data

How is the economy doing in Virginia? Unemployment is at 3.8%, below the national rate of 4.2%. As one of the key economies in the Mid-Atlantic, Virginia leans on defense, data centers, and federal contracting. Below: live jobs, housing, and income data from FRED and the BLS.

Unemployment Rate
3.8%
▼ Below US average (4.2%)
Nonfarm Jobs
4.24M
▼ -1.2% jobs YoY
House Prices (YoY)
+3.8%
▲ Rising
Per-Capita Income
$80K
▲ +3.9% vs prior year
Virginia vs. United States — Unemployment
Virginia
3.8%
United States
4.2%

Virginia is outperforming the national labor market. Unemployment of 3.8% is 0.4 points below the US rate — a sign of relative strength in local hiring.

Jobs & Output
Nonfarm payrolls
4.24M
Job growth (YoY)
-1.2%
Real GDP (2025)
$624B
GDP growth (YoY)
+1.7%

Payrolls are monthly (BLS); GDP and income are annual (BEA). Key sectors in Virginia: defense, data centers, and federal contracting.

What this means if you live or work in Virginia
💼
Job market
With unemployment below the national average, employers in Virginia are competing for workers — leverage for job seekers and wage pressure for businesses.
🏠
Housing
House prices are rising moderately (+3.8% YoY) — a balanced market by recent standards.
💵
Income
Per-capita personal income in Virginia is $80,291, up 3.9% from the prior year. Compare against national inflation to gauge real purchasing power.
🏭
Key industries
Virginia's economy leans on defense, data centers, and federal contracting — sector-specific national trends (energy prices, rates, consumer spending) hit this state through those channels first.
Key Numbers — Virginia
Unemployment3.8%
US unemployment4.2%
Nonfarm jobs4.24M
House prices YoY+3.8%
Per-capita income$80,291
Real GDP$624B
Labor data as ofMay 2026
Nearby States
Maryland economy → North Carolina economy → West Virginia economy → District of Columbia economy → All 50 states →
National Data
US labor market → US housing data → US inflation → Full dashboard →

Data: FRED (Federal Reserve Bank of St. Louis) — series VAUR, VANA, VASTHPI, VAPCPI, VARGSP — plus BLS and BEA. Live values load on page open; figures shown are the most recent official releases. Not financial advice.