A Reston-based information technology company may lay off nearly 100 people by the end of this year.
Citing “uncertainty around the future of some contracts with federal agencies,” the contractor Peraton issued layoff notices to 92 employees earlier this month, the Washington Business Journal reported last week.
Fairfax County in August had a 27.5% year-over-year increase in unemployed residents, a number some regional leaders may simply be the tip of the iceberg if more federal cuts and a weaker economy arrive.
A total of 622,875 county residents were employed in the civilian workforce, and 24,048 were looking for jobs during the month, according to figures reported Wednesday (Oct. 1) by the Virginia Department of Workforce Development and Advancement (Virginia Works).
A report released last week confirmed the fears of Fairfax County’s leaders: that the D.C. region and Northern Virginia in particular are bearing the brunt of the economic fallout of ongoing worker and funding cuts by the Trump administration.
With the federal government potentially shutting down and many federal workers officially losing their jobs after accepting “deferred resignation” offers earlier this year at midnight tomorrow (Wednesday), Fairfax County Board of Supervisors slammed Virginia Gov. Glenn Youngkin — a Republican — for what he described as a lack of preemptive action.
Just a couple of weeks after accusing state officials of undermining Fairfax County’s economic development work, Board of Supervisors Chairman Jeff McKay found himself cutting a ribbon with Virginia Gov. Glenn Youngkin to celebrate an economic development win for the county.
Local and state officials gathered at the Alexandria headquarters of defense contractor Systems Planning & Analysis this afternoon (Thursday) to announce its plans to invest $46.9 million in both the city and Fairfax County.
The CIA is hiring, though its recruiters can’t comment in detail on why.
The McLean-based intelligence agency joined over 65 other employers at the University of Virginia’s Northern Virginia campus in Merrifield last month for a career fair that drew hundreds of college students as well as recent (and not-so-recent) graduates, all of them scrambling for a foothold in an uncertain economy.
While Virginia’s unemployment rate has been ticking up for months, the state’s Republican leadership contends the jobless rate is just one piece of a larger, more complex economic puzzle.
“Virginia has jobs,” Gov. Glenn Youngkin said in an Aug. 19 statement accompanying the latest batch of state employment figures. “This month’s reports reflect modest payroll growth, continued positive revisions in recent months, and strong labor force demand, reinforcing the resilience of Virginia’s job market.”
The number of Fairfax County residents seeking employment is up by a third year-over-year in new state data, as Northern Virginia continues to grapple with the Trump administration’s slashing of federal government jobs.
A total of 23,561 county residents were reported as looking for work in June’s unemployment figures, provided to FFXnow by state officials on Monday (Aug. 4).
Federal workforce cuts implemented by the Trump administration and, as of July 8, enabled by the U.S. Supreme Court have helped drive the number of unemployed Fairfax County residents to heights not seen in nearly four years.
A total of 21,705 county residents were counted as unemployed in May, according to new data reported by the Virginia Department of Workforce Development and Advancement. That’s up 35% from a year before.
Local economic development organizations have joined forces to launch a comprehensive initiative aimed at assisting federal employees, contractors and other professionals facing career disruptions.
“The Pivot” is an initiative of the Northern Virginia Economic Development Alliance, which includes the Fairfax County Economic Development Authority.
Three Fairfax County-based businesses have made a list of the top 100 firms nationally where young Americans would be willing to work free for a year, in hopes of landing a full-time position.
Tysons-based Capital One placed 39th on the ranking, with Tysons’ Hilton coming in at #46 and Vienna-based Navy Federal Credit Union #55.
