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.
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.
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.