Here's how unemployment in Giles County, Virginia compares

Giles County's unemployment rate in December was 2.6%—ranked #63 highest out of 95 in the state.

Nationally, unemployment has leveled with pre-COVID rates, measuring between 3.5% and 4% for most of the past two years. Bureau of Labor Statistics data showed a 3.7% unemployment rate in January. Previously, unemployment skyrocketed to 14.7% at the height of the COVID-19 pandemic in April 2020, and those rates remained elevated through late 2021.

Though national unemployment has mostly normalized, local economies vary widely. Stacker used Bureau of Labor Statistics data to analyze unemployment in Giles County over time, and how it stacks up within Virginia and across the nation.

The unemployment rate in Giles County is 1.1 percentage points below the national level, and 0.4 percentage points below the state level. It ranks #63 among counties in Virginia—ranked first by the preliminary December 2023 unemployment rate, then breaking ties by the number of unemployed people. It trails behind Floyd County, which also has an unemployment rate of 2.6%, but surpasses York County (2.5%).

In real terms, it means an estimated 215 of Giles County's approximately 8,307 working residents are out of a job at the moment. That's 25 fewer than last month and 26 fewer than a year ago. Some economists fret another recession may be on the horizon, which would drive unemployment up with business closures and layoffs.

This story was produced using automation across 3,100 counties, boroughs, and parishes, based on writing and data reporting by Paxtyn Merten.