Less than Half: Unemployment in Northern Virginia

By
Real Estate Agent with RE/MAX Allegiance, Managing Broker/Branch Vice President

Want some great news?  Who doesn't?

Low Unemployment in Northern VirginiaThe U.S. Bureau of Labor Statistics released an unemployment report today that examined the rates of unemployment in the Northern Virginia counties and cities.

Unless you've been living under a rock, haven't turned on the t.v., read a newspaper, been on the internet, or walked down the street in the last 6 months, you're aware that the unemployment rate in the United States has skyrocketed to the 10% region.

Well, in Northern Virginia, most areas are doing quite well when it comes to employment statistics, and some counties, like Arlington, Fairfax, and Loudoun are doing phenomenal -- less than half of national unemployment.

Here's a look at unemployment numbers as of December 2009:

  • Arlington County -- 4% unemployment
  • Fairfax County -- 4.6% unemployment
  • Loudoun County -- 4.6% unemployment
  • Alexandria City -- 4.8% unemployment

Even Fredericksburg VA, with its comparatively high 9.9% unemployment rate is far below many other hurting areas of the nation.

Compare the above numbers with those of some other major metropolitan areas:

  • Atlanta -- 10.1% unemployment
  • Chicago -- 10.6% unemployment
  • Los Angeles -- 11.3% unemployment
  • Tampa -- 12.4% unemployment
  • Las Vegas -- 13.1% unemployment
  • Detroit -- 14.8% unemployment

Click here to view D.C. & Northern Virginia unemployment numbers on an area map.

With these numbers, it's no wonder people from around the country are starting to search for homes in Northern Virginia and moving here!

 

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Rainer
34,614
Scott Taylor
Realty Center - Orlando - Ocoee - Orlando, FL
REALTOR

That's great news! I hear that in Orlando, Florida where I sell real estate, the rate is somewhere near 11%. =o

Feb 22, 2010 09:04 AM #1
Rainmaker
860,955
Kay Van Kampen
RE/MAX Broker, RE/MAX Solutions - Springfield, MO
Realtor®, Springfield Mo Real Estate

Good news Brian.  I have no idea what Missouri is doing.  I'm off to find out.

Feb 22, 2010 12:17 PM #2
Ambassador
3,654,022
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Wow, Brian!  Those numbers are really great.  I think they are a lot higher than DC's.

Feb 22, 2010 01:30 PM #3
Rainmaker
125,931
David Dee
IRN REALTY - Alhambra, CA
Real Estate - San Gabriel Valley (L.A.) & N. Orange County CA

From the desk of David Dee,

Brian, that is a signifant difference. Didn't like the figure for LA there. :(

Feb 22, 2010 04:43 PM #4
Rainmaker
1,787,611
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

According to how they measure things, I have been unemployed (full time anyway) since I started my business in 1981.

Feb 22, 2010 10:16 PM #5
Ambassador
2,073,804
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

The problem with that is that so many people are not counted among the unemployed......

Feb 23, 2010 09:12 AM #6
Rainmaker
57,834
Dave Woodland
Signet Mortgage - Bend, OR
Your Bend, OR Friendly, Knowledgable Mortgage Professional

Hey Brian - Jobs are the key! 

Housing is still hurting and the economy won't rise until housing is settled. Housing won't be settled with terrible underemployment. Go Jobs Go!

Here is a 2012 update on UNemployment and UNDERemployment:  

http://activerain.com/blogsview/2810804/thirteen-definitions-you-need-to-know-when-talking-about-u-s-unemployment-

I hope McLean is seeing some turnaround. We're not feeling the "dropping" unemployment rate yet here in Oregon.

Feb 06, 2012 08:40 PM #7
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Brian Block

Northern Virginia & D.C. Real Estate
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