The Staunton Miracle. Rural Virginia may be in an economic funk, but Virginia’s smaller metros seem to be holding up pretty well. The Staunton/Waynesboro labor market has the lowest unemployment rate of any in the state — 2.5%, according to August 2019 data from the Bureau of Labor Statistics, as reported by the News Leader. Next lowest: Charlottesville and Winchester at 2.6%, Harrisonburg at 2.7%, and Roanoke at 2.8%. Among major metros, Richmond is the lowest at 2.9%. We hear all the time — and I have perpetuated this narrative — that most of the jobs are going to the big metros. Is this true? We can’t tell from unemployment data alone. We also need to look at job creation, under-employment and workforce-participation rates. Regardless, it’s good to see that almost everyone who wants a job in small-metro Virginia seems to have one.
A voice for the voiceless. The Partners for College Affordability and Public Trust, a former sponsor of this blog, is making progress toward building Virginia’s first coalition to address the affordability crisis in higher education. The Virginia College Affordability Policy Council met last week to discuss solutions to problems of affordability and workforce readiness. Co-chairs include James V. Koch, former president of Old Dominion University, and Brett A. Vassey, president of the Virginia Manufacturers Association. The group has recruited a wide range of businesses and trade associations as members. You can view Koch’s presentation here.