Each month we ask our region’s business leaders about recent changes in economic conditions and their expectations for the next six months.
Regional Economic Snapshot
Regional Economic Snapshot
This update on the Fifth District economy includes timely analysis of labor market, housing, and other conditions at the state and metro area level.
Snapshot By State
District of Columbia
Payroll employment in the District of Columbia declined by 100 jobs (0.0 percent) in February. The unemployment rate declined 0.2 percentage point to 6.5 percent.
Maryland
Payroll employment in Maryland declined by 5,500 jobs (0.2 percent) in February. The unemployment rate was unchanged at 4.3 percent.
North Carolina
Payroll employment in North Carolina declined by 2,600 jobs (0.1 percent) in February. The unemployment rate remained at 3.8 percent.
South Carolina
Payroll employment in South Carolina declined by 5,100 jobs (0.2 percent) during February. The unemployment rate is currently 5.0 percent, increasing slightly by 0.1 percentage point.
Virginia
Payroll employment in Virginia declined by 9,600 jobs (0.2 percent) in February. The unemployment rate was unchanged at 3.7 percent.
West Virginia
Payroll employment in West Virginia declined by 1,500 jobs (0.2 percent) in February. The unemployment rate ticked up to 4.7 percent.
Related Content
These posts examine local, regional and national data that matter to the Fifth District economy and our communities.
Updated weekly, this set of charts is used during policy discussions and meetings with our board of directors.
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