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					                                                           Selected BLS Economic Indicators
                                                                          www.bls.gov/ro3/areaindicators.htm




 Virginia Beach-Norfolk-Newport News
Selected Indicators
This fact sheet presents recent employment and unemployment, price, and pay data for Virginia, the Virginia Beach-Norfolk-Newport News Metropolitan Statistical
Area and the United States. The Consumer Price Index (CPI) measures price changes, or inflation, for particular commodities and services at the retail level. The
Producer Price Index (PPI) measures price changes, or inflation, for particular commodities and services at the wholesale level and is widely used by business firms
as an escalator in long-term contracts. The Employment Cost Index (ECI) measures price changes, or inflation, of labor costs which includes wages and salaries and
employer costs for employee benefits. An occupational pay relative is a calculation of pay (wages, salaries, commission, and production bonuses) for a given
metropolitan area relative to the nation as a whole; the calculation controls for differences among areas in occupational composition, establishment and occupational
characteristics, and the fact that data are collected for areas at different times during the year.


                  Consumer Price Index                      January January      Percent                       Employment Cost Index                                4th Qtr.         4th Qtr.       Percent
                      (1982-84) = 100                        2008      2009      change                         (December 2005) = 100                                2007             2008          change
  All Urban Consumers (CPI-U)                                                                  Total Compensation-Private Industry Workers
    U.S. City Average                                       211.080   211.143      0.0          United States                                                         106.3           108.9              2.4
      South                                                 204.510   204.288     -0.1            South                                                               106.7           109.3              2.4
         South (Size Class B/C)*                            129.937   129.615     -0.2              South Atlantic                                                    107.3           109.8              2.3
  Urban Wage Earners & Clerical Workers (CPI-W)                                                              Occupational Pay Relatives
                                                                                                                                                                                  July 2007
    U.S. City Average                                       206.744   205.700     -0.5                           (United States = 100)
      South                                                 201.814   200.067     -0.9         Norfolk-Virginia Beach-Newport News
         South (Size Class B/C)*                            128.767   127.529     -1.0          All Occupations                                                                       91 *
                Producer Price Index, U.S.                  January January      Percent          Management, business, and financial                                                 86 *
                        (1982 = 100)                         2008      2009      change           Professional and related                                                            90   *
  Finished goods                                             172.0     170.3      -1.0            Service                                                                             94   *
  All commodities                                            181.0     171.0      -5.5            Sales and related                                                                   92   *
  Industrial commodities                                     182.8     172.3      -5.7            Office and adminstrative support                                                    92   *
*Southern cities with populations from 50,000 to 1,500,000 (December 1996=100)                    Construction and extraction                                                         84   *
Most recent PPI numbers are preliminary.                                                          Installation, maintenance, and repair                                               94   *
                                                                                                  Production                                                                          92   *
                Unemployment levels, age 16 years and over                                        Transportation and material moving                                                  90   *
                                                                                           *The pay relative for this area is significantly different from the national average of all areas at the 10 percent
                   (not seasonally adjusted, in thousands)                                 level of significance.

                    Area
                                            December December   Net              Percent                                      Nonfarm payroll employment
                                              2007     2008   change             change                                   (not seasonally adjusted, in thousands)
United States                                 7,371        10,999      3,628      49.2                                                          December          December             Net          Percent
                                                                                                                 Area
 Virginia                                       130.8         213.4       82.6    63.1                                                            2007              2008             change         change
   Virginia Beach-Norfolk-Newport News              28.3      44.4        16.2    57.3     United States                                         138,875           135,947           -2,928             -2.1
Most recent numbers are preliminary.                                                        Virginia                                                3,797.5           3,766.4            -31.1          -0.8
                                                                                             Virginia Beach-Norfolk-Newport News                      781.0             788.7              7.7           1.0
                                                                                           Most recent numbers are preliminary.
                                Unemployment rates,
                                  December 2008
  Percent                   not seasonally adjusted data
                                                                                                                        Percent change in nonfarm employment,
   8.0                                                                                                                      December 2007-December 2008
                    7.1                                                                                                      not seasonally adjusted data
   7.0                                                                                         Percent
   6.0                                                                     5.3                  1.5                                                                                        1.0
                                              5.2
   5.0                                                                                          1.0
                                                                                                0.5
   4.0
                                                                                                0.0
   3.0                                                                                         -0.5
   2.0                                                                                         -1.0
                                                                                                                                                      -0.8
   1.0                                                                                         -1.5
                                                                                               -2.0
   0.0
                                                                                               -2.5                -2.1
                United States              Virginia             Virginia Beach-Norfolk-
                                                                     Newport News                            United States                          Virginia                      Virginia Beach-
                                                                                                                                                                                      Norfolk-
                                                                                                                                                                                  Newport News


Contact Information:                                                  Mailing Address:
                                                                                                                   The Virginia Beach-Norfolk-Newport News, Va.-N.C. Metropolitan
Telephone: (215) 597-3282                                             U.S. Department of Labor
                                                                                                                   Statistical Area (MSA) includes Gloucester, Isle of Wright, James City,
Fax: (215) 861-5720                                                   Bureau of Labor Statistics                   Mathews, Surry, and York Counties and Chesapeake, Hampton, Newport
Internet Address: www.bls.gov/ro3/                                    The Curtis Center - Suite 610E               News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, and
Email: BLSinfoPhiladelphia@bls.gov                                    170 South Independence Mall West             Willi    b    Cities i Vi i i    d Currituck C    t i N th C li
                                                                                                                   Williamsburg Citi in Virginia; and C it k County in North Carolina.

                                                                      Philadelphia, PA 19106

                                                                      Updated Monday, February 23, 2009
                                                                      www.bls.gov/ro3/virginiabeach.pdf