Economic Monthly Tracking of Northern Virginia
The monthly Economic Tracking Report has been migrated to an interactive dashboard as of 4/29/2025. The PDF report version has been retired. The new interactive dashboard found below, includes not only Northern Virginia economic statistics, but also county and city level data.
The monthly economic tracking statistics include the labor force, unemployment, employment, and employment by industry. The dashboard is updated following the monthly release of the Bureau of Labor Statistics (BLS), Local Area Unemployment Statistics; data is submitted by the Virginia Employment Commission to the BLS. The next BLS update is scheduled for July 2, 2025 (May 2025 data).
State of the Region:
Economic Recovery and Transformation from COVID-19 Pandemic
Information on the state of the Northern Virginia region's economic recovery and the transformation from the coronavirus COVID-19 pandemic is found in the State of the Region July 2022 report. As society eases back to normalcy, people have been returning to the labor force, but – despite many people returning to the labor force and new entrants to the Northern Virginia labor force – there are currently not enough workers to meet the labor force demands across various industries in the region. The region’s labor force is significantly down from February 2020, there are a high number of job postings, and there is a low unemployment rate. The economic effect of the COVID-19 pandemic and the economic recovery has been uneven across industries and demographic groups in Northern Virginia. Understanding why the Northern Virginia region’s labor force has declined, why those people in Northern Virginia who left the labor force during the pandemic are not returning in full, and how to overcome a shortage of labor is critical to fostering an economy and community where residents and businesses can thrive. This report provides detailed information on these factors.
Click on image for report
Minority-Owned Businesses of Northern Virginia
Minority-owned businesses have experienced heightened risk associated with the COVID-19 pandemic. The COVID-19 pandemic has had a complex effect on the region’s local economy and on the wellbeing of its minority-owned businesses.
Northern Virginia is home to 128,000 minority-owned businesses, representing the community’s diverse fabric and entrepreneurship. The report on Supporting Northern Virginia's Minority-Owned Businesses was released on June 23, 2021. The report contains detailed information on the minority-owned business community, how they were impacted by the pandemic, and recommendations for supporting them through the pandemic economic recovery and in the future beyond the pandemic.
The Northern Virginia Minority-Owned Working Group present this report. The group is composed of members from the Northern Virginia Regional Commission, the Community Foundation for Northern Virginia, the Fairfax County Economic Development Authority, the Loudoun County Department of Economic Development, the Prince William County Department of Economic Development, Arlington Economic Development, and the Alexandria Economic Development Partnership.
A report release webinar event was hosted on June 23, 2021 to highlight the report findings. The event also included other presentations, a fire side chat with leaders from across the region, and testimonies from minority business owners. For the video recording and details on the event see the NVRC demographic webinar series website.
Report:
The report provides a Northern Virginia level of analysis on minority-owned businesses.
Data Dashboard:
The dashboard provides a summary of the report findings, interactive data charts, and more detailed information than that found in the report, including jurisdiction level data.
The dashboard will be updated on a quarterly basis by the Northern Virginia Regional Commission. Timeline of updates are found on the data dashboard.
Additional Northern Virginia Workforce Data Resources
Commonwealth of Virginia - Virginia Works Labor Market Information website
Northern Virginia Community College - Labor Market Intelligence dashboards