income and employment
posted by finneganAccording to a report released this week by the Virginia Employment Commission, “Harrisonburg area unemployment was down from 3.4 percent in February to 3.3 percent in March because of factory recalls.”
As noted in today’s DNR, “salaries in the Harrisonburg metro increased 41 percent” between 1997 and 2006 (the most recent data year available). But according to the Bureau of Economic Analysis, the Harrisonburg “BEA Economic Area” (which includes the entire southern Shenandoah Valley, as well as part of WV and regions east) ranked 146th out of 179 in the U.S. in 1996, and ranked the same in 2006. So, while our incomes may be doing slightly better than inflation the region does not appear to be moving up in the world; at least according to this data.
posted: May 2nd, 2008 by finnegan
filed under economy, news & meta-news.
Comments: 1
Comments
Comment from Bubby
Time: May 2, 2008, 12:41 pm
There are over 500 less jobs in the Harrisonburg metro region this year than there were in March 2007. And for those people, the salary increase was -100%.
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