First Year of Recovery More Like Another Year of Recession Virginia faces greater challenges now than after prior recessions Unemployment in Virginia rose 14 percent in 2010 – the largest jump in the South Atlantic Region — to its highest level since the recession of the early 1980s, making the first year of recovery...
Virginia Workers Pay Third Highest Share of Health Insurance Premium in U.S. Lowest level of employer-sponsored insurance coverage in 20 years Virginia workers paid the third-largest share of their health insurance premiums in 2010 for employer-sponsored family plans, trailing only Arkansas and Idaho for the amount required to be paid by employees. The average...
Highest Wage Earners Gained More in one Year than Lowest Wage Earners did in 30 Gap between highest and lowest wage earners now at 30-year high RICHMOND, VA – The top 10 percent of wage earners now make at least 5.7 times more than Virginians in the bottom 10 percent. The wage gap between...
New Report documents the ongoing impact of the recession on Virginia workers and the economy RICHMOND, VA — The Great Recession may have ended over a year ago, but for many Virginians the economic devastation has been so massive that it will take years to clear out the debris left by the crisis. The...
The State of Working Virginia in the Great Recession November 23, 2009 RICHMOND, VA – It’s bad, and it’s going to get worse. Since the Great Recession started in December 2007, Virginia’s growth in unemployment rate has been two- to three-times that of the 1981 and 2001 recessions. Substantial job losses have wiped...
Study Reveals Virginia’s Workers are “Feeling the Pinch” RICHMOND – Despite above-average economic growth in recent years, Virginia’s economy appears to be slowing and many of the Commonwealth’s workers are feeling the strain. According to a new study released today by The Commonwealth...
RICHMOND — Virginia continues to maintain a healthy economy that has generated strong economic growth in recent years. In fact, in recognition of this growth, Forbes and CNBC recently bestowed, for the second consecutive year, the honorable number one ranking for...