Virginia Economy

Bureau of Labor Statistics

Unemployment in Virginia is currently at 8.4%. That’s a dramatic increase since the pandemic hit. But, metropolitan areas in Virginia are actually doing significantly better than many other cities across the country.

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Lawmakers are headed back to Richmond this month to put together a new budget, one that takes into account the new economic situation presented by the pandemic. And, they’ll be considering a number of proposals for raising new revenue.

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As the economy opens back up in Virginia, some groups are faring better than others.

Virginia National Bankshares Corporation

Predictions of when we might see an economic recovery vary widely, and – of course – the pace of improvement will depend in part on where you live.  Sandy Hausman spoke with one expert on Virginia’s economy – a banker who deals with companies of all kinds.

As unemployment claims mount, many people are worried about the future of the Virginia economy.