United States Congress Joint Economic Committee

West Virginia

May 2024

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
West Virginia Unemployment (U-3) 3.7% 3.9% 3.7%
U.S. Official Rate (U-3) 3.7% 3.7% 3.4%
U.S. "Real" Rate (U-6) 7.0% 7.1% 6.7%
West Virginia Labor Force Participation Rate 54.6% 54.7% 54.6%
U.S. Labor Force Participation Rate 62.5% 62.5% 62.4%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.4% 3.1% 6.5%
"Core" CPI Inflation 3.9% 4.0% 5.7%
National Gas/gal. Updated 5/26/24 12:00 AM $3.59 $3.66 $3.57
West Virginia Gas/gal. $3.50 $3.57 $3.41
South Region: Loaf of Bread $1.83 $1.80 $1.70
South Region: Milk/gal. $4.06 $4.07 $4.22
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q4/2023 (3rd Estimate)
3.4%
WV Real GDP
Q4/2023
4.7%
S&P 500 (YTD)
0.29% Updated 1/16/24 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
WV Hourly Rate
$8.75
Last Generated: 5/26/24 5:15 AM