Chamber of Commerce Reports Highest Overall Jobs Level in Charlottesville to Date
The Charlottesville Regional Chamber of Commerce released its 2018 Chamber Jobs Report, the Chamber’s 15th annual comprehensive compilation and analysis of employment in Greater Charlottesville.
Press Release from the Charlottesville Regional Chamber of Commerce:
(Charlottesville, Virginia – Wednesday, September 12, 2018) The Charlottesville Regional Chamber of Commerce released its 2018 Chamber Jobs Report, the Chamber’s 15th annual comprehensive compilation and analysis of employment in Greater Charlottesville.
Overall, over the report’s 10-year study period (2007-2017), the Chamber Jobs Report data illustrate total jobs in the Greater Charlottesville region growing from 114,124 jobs in 2007 to 125,675 jobs in 2017, an increase of +10% or 11,551 total jobs. Over 2007 to 2017, the region has added a net gain of 7,579 (+9.23%) jobs in private enterprise and 3,972 (+12.41%) in governmental jobs. Note: Due to changes in the Virginia Employment Commission confidential employer specific reporting; particularly “Leisure/Hospitality” and “Trade” classified jobs in Nelson; there is a significant VEC adjustment which does not account for all the employees classified as confidential, to protect employer reporting confidentiality.
Over 2016 to 2017 – Greater Charlottesville’s job-producing engines added a net 3,131 jobs (+2.55%) --- +2,261 jobs (+2.58%) in private enterprise; +870 / (+2.49%) in government. The Jobs Report’s compilation of Virginia Employment Commission’s official data show continued job growth in 2017 places overall employment within the Region at the highest level to date.
“For 15 consecutive years, our Chamber Jobs Reports has continued to keep our Chamber and community focus and emphasis on jobs and opportunity for all our citizens,” said Martin Burks III, J. F. Bell Funeral Home, who serves as 2018 Chairman of the Chamber Board of Directors. “Our Charlottesville Works Initiative reminds all of us that still more than 5,000 neighboring families are not self-sufficient. Career-ladder jobs opportunities and growth must remain our top priority. We will continue to remain focused on building opportunities for our neighbors.”
“The Chamber Jobs Report – 2018, Report & Analysis: Employment in the Greater Charlottesville Region, 2007-2017” is underwritten by Chamber member enterprises – MPS (Macmillan Publishing – Gordonsville), University of Virginia Community Credit Union and Wells Fargo. The Report was conducted for the Chamber Economic & Government Affairs Committee using the official employment database of the Virginia Employment Commission. Free Enterprise Forum President Neil Williamson conducted the project with THinc. Director, Timothy Hulbert, within the methodology developed by independent economist Kevin Decker. The 2017 Chamber Jobs Report can be accessed at: www.cvillechamber.com
The 2018 Chamber Jobs Report reveals steady private enterprise job growth from 2010 (after the “Great Recession”) through 2017. Over the past decade there also has been steady, almost uninterrupted, annual regional growth in governmental jobs (federal; state – principally the University of Virginia; city, county, district administrative & schools, etc.).
The Chamber Jobs Report data show that, over the study period, private enterprise job growth within Greater Charlottesville (+9.23%) more than doubled the rate of private enterprise job growth in the rest of Virginia (+4.61%). Greater Charlottesville outpaced the rest of Virginia in seven (7) of ten (10) private enterprise industry sectors. The Report further reveals jobs growth in eight (8) of ten (10) private enterprise job sectors. Over the period, “Natural Resources & Mining;” “Other Services;” “Leisure & Hospitality;” “Construction;” and, “Manufacturing” are the five leading percentage jobs gain areas.
Among private enterprise employment, the leading employment sectors are:
Trade, Transportation & Utilities hold the largest segment of jobs, 19,339 or 21.6% of all private enterprise jobs;
Professional & Business Services is the second largest with 15,221 jobs or 17% of all private enterprise jobs;
Leisure & Hospitality is third with 14,371 jobs or 16%;
Education and Health Services is fourth with 13,698 jobs or 15.3%; and,
Construction is fifth with 6,832 jobs or 7.6%.
The Report confirms that Albemarle County, (the University of Virginia’s principal location, and the region’s leading jobs engine) serves as the dominant location of the region’s job growth with +5,698 net jobs added between 2007 and 2017 (+11.3%)
The Charlottesville Regional Chamber of Commerce is dedicated to representing private enterprise, promoting business and enhancing the quality of life in the Greater Charlottesville communities. The more than 1,200 Chamber member and affiliated member enterprises employ more than 45,000 men and women in the Greater Charlottesville region, representing an estimated total payroll of more than $1.75 billion a year.