The County tracks numerous economic variables such as unemployment, housing market inventory and prices, and tax revenues. The County's Quarterly Economic Indicators Report tracks trends in these and other economic variables. The County’s economic picture, in general, remains mixed. This situation does not come as surprise, since the U.S. economy continues to struggle to find its footing, and the success of the U.S. Federal Reserve System’s recent efforts to avoid deflation and stimulate growth via quantitative easing remains to be seen. A reasonable forecast for the next several quarters would be that the County’s economy will grow slowly, as businesses and consumers maintain a cautious outlook and behave accordingly.
Click here to read the full February 2014 Quarterly Economic Indicators Report.
Click here to visit the Albemarle County Economic Development Office homepage.
Click here to view the Virginia Employment Commission's Community Profile of Albemarle County.