Buy Alexandria Real Estate: Less than Half: Unemployment in Northern Virginia

Alexandria Virginia Real Estate Blog

Less than Half: Unemployment in Northern Virginia

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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Comment balloon 7 commentsBrian Block • February 22 2010 04:56PM

Comments

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

Posted by Scott Taylor, REALTOR (Realty Center - Orlando - Ocoee) almost 8 years ago

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

Posted by Kay Van Kampen, Realtor®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX Solutions) almost 8 years ago

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

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) almost 8 years ago

From the desk of David Dee,

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

Posted by David Dee, Real Estate - San Gabriel Valley (L.A.) & N. Orange County CA (IRN REALTY) almost 8 years ago

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

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) almost 8 years ago

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

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) almost 8 years ago

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.

Posted by Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional (Signet Mortgage) almost 6 years ago

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