LABOR MARKET DATA
*based on Emsi Q1 2022 Data Set
2021 Labor Force Breakdown
| Population | ||
|---|---|---|
| Employable Population | 301,943 | |
| Not in Labor Force (15+) | 120,490 | |
| Labor Force | 181,453 | |
| Employed | 177,217 | |
| Unemployed | 4,236 | |
| Unemployable Population | 72,069 |
374,012
Population (2021)
Population grew by 10,745 over the last 5 years and is projected to grow by 14,416 over the next 5 years.
162,039
Total Regional Employment
Jobs decreased by 2,514 over the last 5 years but are projected to grow by 7,661 over the next 5 years.
$53.9K
Avg. Earnings Per Job (2021)
Regional average earnings per job are $21.6K below the national average earnings of $75.5K per job.
DOWNLOADABLE REPORTS
Documents
- Colliers International 10 Emerging U.S. Industrial Markets to Watch in 2021
- Colliers International 10 Emerging U.S. Industrial Markets to Watch in 2019
- Economic Impact of Unfilled Positions in the Shenandoah Valley, January 2021
- Food & Beverage Manufacturing Infographic: A Recipe for Success
- SVP 2020-2021 Annual Report
- SVP 2019-2020 Annual Report
- SVP Strategic Plan (2021 Update)
- Shenandoah Valley Community Profile
- Harrisonburg-Rockingham MSA Community Profile
- Staunton-Augusta-Waynesboro MSA Community Profile
- Virginia Economic Development Partnership Guide to Incentives
- Virginia Economic Development Partnership Strategic Plan for Economic Development
Announcements & Testimonials
- Ariake (now Kerry Group) – Expansion
- Case Study – The Hershey Company Produces Sweet Success in Virginia
- Case Study – Three Virginia Locations Serve Speyside Bourbon Cooperage
- ComSonics – Expansion
- DanoneWave – Expansion
- Draftco – Expansion
- Dynovis – New Manufacturing Facility
- Flow Alkaline Spring Water – New Manufacturing Facility
- Hutchins & Hutchins – Expansion
- InterChange – New Cold Storage New Facility
- Merck – Expansion
Announcements & Testimonials
- Mohawk Industries – Expansion
- Munters Corporation – Expansion
- NIBCO – Expansion
- Provides – Expansion
- Shamrock Farms – Expansion
- Speyside Bourbon Stave Mill – Expansion
- Sumitomo – Expansion
- The Hershey Company – Expansion I
- The Hershey Company – Expansion II
- The Hershey Company – Expansion III
- The Hershey Company Produces Sweet Success in Virginia
- TruckVault, Inc. – New Manufacturing Facility
Databases
COST OF LIVING INDEX & QUALITY OF LIFE INDICATORS
|
Metro/Micro |
COL Index** | Mean Commute Time | Unemployment (May 2021) | Median Household Income (2019) | Population 2019 | Projected Population (2025) |
| Harrisonburg-Rockingham VA Metro | 96.8 | 19.8 minutes | 2,329 | $56,500 | 135,519 | 143,378 (+3%) |
| Staunton-Waynesboro-Augusta VA Metro | 97.5 | 23.1 minutes | 2,035 | $57,140 | 123,452 | 129,305 (+3%) |
| Lexington-Buena Vista-Rockbridge VA | 98.4 | 25.9 minutes | 388 | $54,600 | 22,774 | 22,913 (+2%) |
| Washington-Arlington-Alexandria VA Metro | 117.4 | 35.0 minutes | 59,479 | $103,751 | 6,297,454 | 6,557,524 (+3%) |
| Richmond VA Metro | 103.9 | 25.3 minutes | 28,591 | $68,529 | 1,293,983 | 1,368,779 (+4%) |
| Virginia Beach-Norfolk-Newport News VA Metro | 103.7 | 24.6 minutes | 38,744 | $66,759 | 1,773,624 | 1,811,654 (+1%) |
| Charlottesville VA Metro | 106.4 | 23.4 minutes | 3,860 | $72,697 | 219,160 | 231,514 (+4%) |
| Winchester VA Metro | 100.6 | 31.8 minutes | 1,974 | $67,072 | 140,732 | 149,645 (+5%) |
*Source: EMSI Q3 2021 Data Set
**COL Index: Emsi’s cost of living data is based on the Cost of Living Index published by the Council for Community and Economic Research (C2ER).