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13-1586-PHI

Friday, August 2, 2013

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Virginia Beach Area Employment – June 2013

Employment Grew Faster Locally than Nationally Over the Year

Total nonfarm employment for the Virginia Beach-Norfolk-Newport News Metropolitan Statistical Area stood at 769,300 in June 2013, up 18,800 or 2.5 percent over the year, the U.S. Bureau of Labor Statistics reported today. During the same period, the national job count rose 1.7 percent. Sheila Watkins, the Bureau’s regional commissioner, noted that the local area’s June 2013 employment increase was the largest 12-month rise in over two years. (See chart 1 and table 1. The Technical Note at the end of this release contains the metropolitan area definition. All data in this release are not seasonally adjusted; accordingly, over-the-year analysis is used throughout.)

Chart 1. Total nonfarm employment, over-the-year net change in the Virginia Beach metropolitan area, June 2004-June 2013

In the Virginia Beach metropolitan area, the mining, logging, and construction supersector gained 4,000 from June 2012 to June 2013. The leisure and hospitality, financial activities, and education and health services industries had gains ranging from 3,900 to 3,700. The local rates of growth in these three industries exceeded the national rates; the 10.1-percent rate of growth in financial activities in Virginia Beach area was the largest over-the-year job growth ever recorded for this local supersector.

Two other industries in the Virginia Beach area recorded job gains of 1,000 or greater over the last 12 months:  manufacturing and professional and business services. While manufacturing employment rose at a much faster rate locally than nationally, the local growth rate in professional and business services was less than half that for the nation.(See chart 2.)

Chart 2. Over-the-year percent change in employment by selected industry supersector, United States and the Virginia Beach metropolitan area, June 2013

In the Virginia Beach area, trade, transportation, and utilities was the only supersector to lose 1,000 or more jobs over the year, down 1,100, or 0.9 percent, since June 2012. Locally, the supersector has posted uninterrupted over-the-year declines for 26 months, while nationally it has posted continuous 12-month increases for 33 months.

Technical Note

This release presents nonfarm payroll employment estimates from the Current Employment Statistics (CES) program. The CES survey is a Federal-State cooperative endeavor between State employment security agencies and the Bureau of Labor Statistics.

Definitions. Employment data refer to persons on establishment payrolls who receive pay for any part of the pay period which includes the 12th of the month. Persons are counted at their place of work rather than at their place of residence; those appearing on more than one payroll are counted on each payroll. Industries are classified on the basis of their principal activity in accordance with the 2007 version of the North American Industry Classification System (NAICS).

Method of estimation. The employment data are estimated using a "link relative" technique in which a ratio (link relative) of current-month employment to that of the previous month is computed from a sample of establishments reporting for both months. The estimates of employment for the current month are obtained by multiplying the estimates for the previous month by these ratios. Small-domain models are used as the official estimators for approximately 39 percent of CES published series which have insufficient sample for direct sample-based estimates.

Annual revisions. Employment estimates are adjusted annually to a complete count of jobs, called benchmarks, derived principally from tax reports which are submitted by employers who are covered under state unemployment insurance (UI) laws. The benchmark information is used to adjust the monthly estimates between the new benchmark and the preceding one and also to establish the level of employment for the new benchmark month. Thus, the benchmarking process establishes the level of employment, and the sample is used to measure the month-to-month changes in the level for the subsequent months.

Reliability of the estimates. The estimates presented in this release are based on sample survey and administrative data and thus are subject to sampling and other types of errors. Sampling error is a measure of sampling variability—that is, variation that occurs by chance because a sample rather than the entire population is surveyed. Survey data are also subject to nonsampling errors, such as those which can be introduced into the data collection and processing operations. Estimates not directly derived from sample surveys are subject to additional errors resulting from the special estimation processes used. The sums of individual items may not always equal the totals shown in the same tables because of rounding.

Employment estimates. Measures of sampling error for state CES data at the supersector level are available on the BLS Web site at www.bls.gov/sae/790stderr.htm. Information on recent benchmark revisions for states is available at www.bls.gov/sae/.

Additional information

More complete information on the technical procedures used to develop these estimates and additional data appear in Employment and Earnings, which is available online at www.bls.gov/opub/ee/home.htm. Industry employment data for states and metropolitan areas from the Current Employment Statistics program are also available in the above mentioned news releases and from the Internet at www.bls.gov/sae/.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

Area definitions. The substate area data published in this release reflect the standards and definitions established by the U.S. Office of Management and Budget, dated December 1, 2009. A detailed list of the geographic definitions is available at www.bls.gov/lau/lausmsa.htm.

The Virginia Beach-Norfolk-Newport News, Va.-N.C. Metropolitan Statistical Area (MSA) includes Gloucester, Isle of Wight, James City, Mathews, Surry, and York Counties and Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, and Williamsburg cities in Virginia and Currituck County in North Carolina.

Table 1. Employees on nonfarm payrolls by industry supersector, United States and the Virginia Beach Metropolitan Statistical Area, not seasonally adjusted (in thousands)
Area Back
data
Jun
2012
Apr
2013
May
2013
Jun
2013
Jun 2012 to
Jun 2013
Net
change
Percent
change

United States

 

Total nonfarm

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134,556 135,513 136,383 (P) 136,777 (P) 2,221 (P) 1.7

Mining and logging

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864 857 868 (P) 881 (P) 17 (P) 2.0

Construction

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5,820 5,648 5,834 (P) 5,992 (P) 172 (P) 3.0

Manufacturing

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12,016 11,915 11,961 (P) 12,050 (P) 34 (P) 0.3

Trade, transportation, and utilities

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25,530 25,619 25,816 (P) 25,966 (P) 436 (P) 1.7

Information

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2,687 2,689 2,706 (P) 2,697 (P) 10 (P) 0.4

Financial activities

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7,833 7,843 7,875 (P) 7,941 (P) 108 (P) 1.4

Professional and business services

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18,062 18,389 18,492 (P) 18,657 (P) 595 (P) 3.3

Education and health services

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20,088 20,810 20,714 (P) 20,460 (P) 372 (P) 1.9

Leisure and hospitality

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14,311 13,990 14,368 (P) 14,782 (P) 471 (P) 3.3

Other services

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5,498 5,466 5,507 (P) 5,549 (P) 51 (P) 0.9

Government

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21,847 22,287 22,242 (P) 21,802 (P) -45 (P) -0.2
 

Virginia Beach Metropolitan Statistical Area

 

Total nonfarm

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750.5 755.0 758.2 (P) 769.3 (P) 18.8 (P) 2.5

Mining, logging, and construction

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35.3 38.2 38.8 (P) 39.3 (P) 4.0 (P) 11.3

Manufacturing

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51.1 54.9 54.4 (P) 53.9 (P) 2.8 (P) 5.5

Trade, transportation, and utilities

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129.0 125.6 126.3 (P) 127.9 (P) -1.1 (P) -0.9

Information

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11.8 11.4 11.4 (P) 11.4 (P) -0.4 (P) -3.4

Financial activities

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37.7 39.4 40.1 (P) 41.5 (P) 3.8 (P) 10.1

Professional and business services

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99.7 100.8 100.6 (P) 101.3 (P) 1.6 (P) 1.6

Education and health services

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98.7 102.8 102.7 (P) 102.4 (P) 3.7 (P) 3.7

Leisure and hospitality

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91.1 84.5 87.5 (P) 95.0 (P) 3.9 (P) 4.3

Other services

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35.5 35.1 35.3 (P) 35.6 (P) 0.1 (P) 0.3

Government

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160.6 162.3 161.1 (P) 161.0 (P) 0.4 (P) 0.2

Footnotes
(P) Preliminary

Last Modified Date: October 23, 2013