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“2016 CHAMBER JOBS REPORT” – REGIONAL DATA SHOW JOBS GAIN: AREA EMPLOYERS ADD 14,759 (+13.74%) NET JOBS OVER DECADE; 4,842 (+4.13%) OVER LAST YEAR; TOTAL JOBS IN “GREATER CHARLOTTESVILLE:” 122,198 – HIGHEST OVERALL JOBS LEVEL TO DATE

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A New Century “… dedicated to representing private enterprise, promoting business

and enhancing the quality of life in our Greater Charlottesville communities.”

 

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RELEASE:              THURSDAY AM – SEPTEMBER 1ST

 

CONTACT:        Dora Oliver / 434.295.3141

 

“2016 CHAMBER JOBS REPORT” – REGIONAL DATA SHOW JOBS GAIN: AREA EMPLOYERS ADD 14,759 (+13.74%) NET JOBS OVER DECADE; 4,842 (+4.13%) OVER LAST YEAR; TOTAL JOBS IN “GREATER CHARLOTTESVILLE:” 122,198 – HIGHEST OVERALL JOBS LEVEL TO DATE

 

(Charlottesville, Virginia – September 1) The Charlottesville Regional Chamber of Commerce, in advance of Labor Day, today released its 2016 Chamber Jobs Report, the Chamber’s thirteenth annual comprehensive compilation and analysis of employment in Greater Charlottesville.

 

Overall, over the report’s 10-year study period (2005-2015), the Chamber Jobs Report data illustrate total jobs in the Greater Charlottesville region growing from 107,437 jobs in 2005 to 122,198 jobs in 2015, an increase of +13.74% or 14,759 total jobs. Over 2005 to 2015, the region has added a net gain of 11,071 (+14.46%) jobs in private enterprise and 3,688 (+11.95%) in governmental jobs.

 

Greater Charlottesville’s job-producing engines added a net +4,842 jobs / +4.13%; (+3,791 / 4.52% in private enterprise; +1,051 / 3.14% in government) in 2015 over 2014.

 

The Report’s data show the continued job growth in 2015 places overall employment within the Region at the highest level to date. From 2014 to 2015, 32.8% of the decade’s job within the Region occurred; the largest single year regional job gain since the Chamber began tracking job growth in 1993.

 

“The Chamber Jobs Report – 2016, Report & Analysis: Employment in the Greater Charlottesville Region, 2005-2015” is underwritten by Chamber member enterprises – Adams & Garth Staffing, the Central Virginia Partnership for Economic Development, and Wells Fargo.  The Report was conducted for the Chamber Economic & Government Affairs Committee by Jill Williamson, a College of William & Mary summer intern with the Free Enterprise Forum, using the official employment database of the Virginia Employment Commission.  Chamber President Timothy Hulbert and Free Enterprise Forum President Neil Williamson coordinated the project, developed by independent economist Kevin Decker, of Decker Economics.  The 2016 Chamber Jobs Report can be accessed atwww.cvillechamber.com.

 

“Our 2016 Chamber Jobs Report is excellent news,” stated Adrian Felts, Chief Operations Officer of Centridian, who serves as 2016 Chairman of the Chamber Board of Directors.  “Our Chamber Jobs Reports keep our Chamber and community focus and emphasis on jobs and opportunity for all our citizens.  While celebrating this great news, we are reminded still that more than 5,000 neighboring families are not self-sufficient.  Jobs and career-ladder opportunity and growth must be our top priority.”

 

“The 2016 Chamber Jobs Report shows that our region’s jobs picture is very strong,” said Joseph Raichel, Charlottesville Bank President of Wells Fargo, serving as First Vice Chairman of the Chamber Board of Directors, “We are very pleased with the sustained, strong upward jobs growth trend and will keep our focus on our Charlottesville Works Initiative and other opportunity efforts for our neighbors.”

 

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The 2016 Chamber Jobs Report reveals steady private enterprise job growth from 2010 (after the “Great Recession”) through 2015. 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 (+14.46%) outpaced private enterprise job growth four times greater than in the rest of Virginia (+3.58%).  Greater Charlottesville outpaced the rest of Virginia in nine (9) of ten (10) industry sectors (the “Trade, Transportation & Utilities” sector lagged behind that sector’s performance in the balance of the Commonwealth).

 

The Report further reveals jobs growth in six (6) of ten (10) private enterprise job sectors.  Over the period, “Natural Resources & Mining;” “Education & Health Services,” and “Professional & Business Services,” are the three leading percentage job gain areas.

 

Among private enterprise employment sectors:

 

  • Trade, Transportation & Utilities hold the largest segment of jobs, 17,183 or 19.9%;
  • Leisure & Hospitality is second with 14,219 jobs or 16.5%;
  • Professional & Business Services is the third largest with 14,121jobs or 16.4%;
  • Education and Health Services is fourth with 13,885 jobs or 16.1%; and,
  • Construction is fifth with 6,837 jobs or 7.9%.

 

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 +6,797 net added jobs (+15%); 46% of the total job growth (+14,759 jobs) added in the region since 2005.

 

The 2016 Chamber Jobs Report will be presented and discussed in detail at the 2016 Chamber Jobs Action Summit, co-hosted by the City of Charlottesville, on Wednesday, September 7th at The Senior Center.  Joining Chamber President Timothy Hulbert and Free Enterprise Forum President Neil Williamson in leading the discussion at the Summit will be:

 

  • Joseph Raichel, Charlottesville Bank President of Wells Fargo, First Vice Chairman of the Chamber Board of Directors and a Chamber Jobs Report underwriter;
  • Lee Witherow, President of Adams & Garth Staffing, a Chamber Jobs Report underwriter;
  • Helen Cauthen, President of the Central Virginia Partnership for Economic Development, a Chamber Jobs Report underwriter; and,
  • Cass Kawecki, Vice President, CBRE-Charlottesville, a Chamber Board of Directors member.

 

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.

 

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9.1.2016 – 27

 

ATTACHMENT:                  Chamber Jobs Report – 2016, Report & Analysis:

Employment in Greater Charlottesville, 2005 – 2015

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The Charlottesville Regional Chamber of Commerce is dedicated to representing private enterprise, promoting business, and enhancing the quality of life in our Greater Charlottesville communities.