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Virginia Adds 77,000 Jobs Amid Economic Challenges Ahead

2/12/2025

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Summary

Story summary

Virginia's economy gained approximately 77,000 jobs in 2024, with Hampton Roads contributing 14,000.
The unemployment rate stayed under 4%, though 2025 may bring economic challenges from federal spending and tariffs.
Tariffs on steel and aluminum may affect the Port of Virginia and domestic pricing.
Regional leaders are focused on expanding shipbuilding and health sciences to create higher-paying job opportunities.

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Story summary

Virginia's economy gained approximately 77,000 jobs in 2024, with Hampton Roads contributing 14,000.
The unemployment rate stayed under 4%, though 2025 may bring economic challenges from federal spending and tariffs.
Tariffs on steel and aluminum may affect the Port of Virginia and domestic pricing.
Regional leaders are focused on expanding shipbuilding and health sciences to create higher-paying job opportunities.