CNBC recently published an article about the top states for business, and guess who ranked number one? That’s right… Virginia! It has one of the lowest unemployment rates of any state at 2.9% compared to 9.1% nationally. See below for Virginia’s rankings in each of the categories of this particular study.
Additionally, Harrisonburg has an unemployment rate of 5.8%. This is potentially good news for the local housing market (and economy in general) because folks tend to move from high unemployment rates to low ones.