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Virginia Economic Forecast 2013-2014: State to Add Jobs Despite Sequestration

While the impact of the federal government’s spending reductions through sequestration will be greater than on other states, Virginia’s employment will still expand by 0.8 percent in 2013 and by 1.1 percent in 2014. But this is well below the 1.9 percent annualized job growth in the state between 1992 and 2007. This year’s annual forecast is the 14th Jefferson Institute report on the economy of the United States and Virginia, and is conducted by Dr. Christine Chmura and her team at Chmura Economics & Analytics.

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