Charleston, W.Va. - The West Virginia Chamber of Commerce is celebrating the state’s
outstanding economic strides as it continues to break records and set high standards that will
have echoing effects for generations to come.
This is shown with consistent historic-low seasonally adjusted unemployment rates, an
increasing surplus to the likes of which the state has never seen and a rising unemployment comp
trust fund balance.
February proved to be fruitful for the Mountain State with a $59.2 million surplus for the month
and officials believe it to be the highest February surplus recorded in state history. The surplus
for Fiscal Year 2022 has risen to an impressive $589.9 million.
January saw a record-low seasonally adjusted unemployment rate of 4.1%, breaking another
record. And while unemployment remains low, the unemployment comp trust fund balance was
rising high for the month of January at $321,552,258.
Steve Roberts, President of the West Virginia Chamber, said, “West Virginia continues to thrive
as we come out of the COVID-19 pandemic. The state’s surplus, record-low seasonally adjusted
unemployment rate and an increasing unemployment comp trust fund continue to move West
Virginia in the right direction.”
Roberts continued, “Spring is expected to bring a growing number of jobs in West Virginia and
the Chamber expects broad-based growth across several industries. The West Virginia Chamber
is more enthusiastic than ever for the future of our state.”
Members of the West Virginia Chamber of Commerce are your small business neighbors. Chamber members employ over half of our state’s workforce and are found in every county and region of
our state. More information on the West Virginia Chamber of Commerce can be found at www.wvchamber.com.
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