The first quarter of 2014 brought slow but steady economic improvement. Virginia’s overall employment rate remains below the national average. Currently, the jobless rate in Virginia is below 5 percent during the month of February, the first time this has occurred in over five years, spurring hopes of improvement. Aside from improving unemployment figures, there are other indicators of economic growth. Area leaders met during the first quarter to discuss the local economy, and focused on the addition of the Children’s Museum and proposed baseball stadium, and housing developments as bright spots for the area. The overall consensus was that new research numbers point to an underlying economic strength in the area, regardless of the recent government turbulence. Hopes are that the economy will continue to show signs of a slow but steady upswing as the year progresses.
Source : Cushman & Wakefield