News

Fairfax’s unemployment rate dropped by two ticks of a percentage point from June to July, according to new state data.

With 657,325 county residents counted in the civilian workforce and 15,382 looking for work, the county’s jobless rate stood at 2.3 percent, according to figures reported Aug. 30 by the Virginia Employment Commission.


News

The tale in July was essentially the same as in the preceding few months for the Northern Virginia homes market: Tight inventory, rising interest rates and higher prices presented a trifecta of challenges for sellers, pushing total sales down but keeping prices up.

Sales across the catchment area of the Northern Virginia Association of Realtors (NVAR) totaled 1,444 in July, down 20 percent from an already cool July 2022, according to the trade organization. Year-over-year sales were down in double digits in all component jurisdictions: Arlington and Fairfax counties and the cities of Alexandria, Fairfax and Falls Church.


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