From May 2025 to May 2026, Virginia recorded the third-worst job growth rate in the country, according to Bureau of Labor Statistics data.
climbed to the top of CNBC’s annual ranking of America’s “Top States for Business” last week, but the accolade comes as the commonwealth continues to post some of the weakestTrump Accounts officially launch one year after being signed into lawMuch of Virginia’s employment decline has been tied to cuts in the federal workforce and the industries that support it.
Federal employment accounted for 20,110 lost jobs, or roughly 39% of the state’s overall decline. The state’s professional, scientific, and technical services sector, which includes many federal contractors, shed 22,600 jobs, accounting for nearly 44% of the total decline. Virginia also lost jobs across most other major industries. Healthcare was one of the few bright spots.
The sector added about 9,690 jobs over the year, a 1.57% increase, though that growth was not enough to offset losses elsewhere. , which placed Virginia third overall after evaluating states across 10 categories, including workforce, infrastructure, economy, cost of doing business, and quality of life.it determines the weight of each category by analyzing how frequently states emphasize those factors in their economic development marketing materials, then scores each state using the latest available economic data.
The U.S. economy added 57,000 jobs in June, below economists’ expectations, according to the Bureau of Labor Statistics. Even so, the unemployment rate edged down to 4.2%.
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