The Labor Force
Since 2003, Chesapeake’s employment growth rate has been among the Top 50 nationally. The total number of employers has increased by more than double the national average. The number of workers has increased by more than 12 percent, and total wages have tripled the national average. Chesapeake offers diverse skill sets, advanced training, and education. Chesapeake Economic Development, along with other local and regional partners throughout the state, works closely with Virginia’s Workforce Development System to provide ongoing training, education, and development resources to companies located in the area. Through state, regional and local efforts, Virginia has cultivated one of the nation’s most diverse and well-trained workforces.
The Stats
The City of Chesapeake’s Unemployment Rate is 4.1%
- National: 4.4%
- Virginia: 3.8%
Chesapeake’s local labor force is augmented annually by:
- More than 17,000 exiting military personnel
- 40,000 military spouses
- More than 8,500 graduating college students
Source: BLS, August 2017
Virginia Jobs Investment Program
Chesapeake and the state of Virginia are committed to helping companies offset training and recruitment expenses. Learn more about VJIP and see if your business is eligible.
Source: VEC, 1st Quarter 2017