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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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 (Taylor Group Realty International - Orlando) almost 2 years ago

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

Posted by Kay Van Kampen–Springfield, Ozark, Nixa Greene County Missouri Real Estate Agent (RE/MAX Broker, RE/MAX Solutions) almost 2 years ago

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

Posted by Patricia Kennedy (Evers & Company Realtors) almost 2 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, San Gabriel Valley (L.A.) & N. Orange County CA Real Estate (Excellence Power Realty) almost 2 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 - Northern VA Home Inspector (Jay Markanich Real Estate Inspections, LLC) almost 2 years ago

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

Posted by Barbara-Jo's Beach Blog - Clearwater Florida Real Estate (Charles Rutenberg Realty) almost 2 years ago

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