Virginia keeps adding jobs on a monthly basis, but the state’s job growth rate continues to lag the national growth rate.
In fact, monthly employment in Virginia has grown at a slower pace since 2011 on a year-over-year basis than in the nation 86 percent of the time.
The reason: Part of it is the cuts in federal defense spending, and part of it is the more moderate growth of adding jobs in the state’s largest metropolitan area, Northern Virginia.
From June 2018 to June 2019, employers in Virginia added a net total of 27,600 jobs, a 0.7% job growth rate that lagged the national job growth rate of 1.5%.
Defense cuts may explain part of