Strome Business Minute With Dr. Jeff Tanner

While the economy seems to be slowing, Virginia is adding jobs. Virginia’s unemployment rate is at the lowest in eighteen years, two point seven percent, compared to three point five percent nationally. Hampton Roads unemployment is about the same as Virginia at two point eight percent. The number of Virginians working, four point four million, is the highest ever. If a slowdown results in job losses elsewhere, Virginia should remain employed, if skills can match the needs of Amazon and Newport News Shipbuilding. Americans are less likely than ever to move from depressed areas to new locales to find work, so we may have to grow our own, something we should be able to do between our colleges and transitioning military personnel.