United States Congress Joint Economic Committee

West Virginia

December 2023

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November Employment Update
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) 3.6% 3.7% 3.6%
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 62.7% 62.8% 62.2%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.2% 3.7% 7.7%
"Core" CPI Inflation 4.0% 4.1% 6.3%
National Gas/gal. Updated 12/11/23 12:00 AM $3.15 $3.38 $3.28
West Virginia Gas/gal. $3.13 $3.27 $3.30
South Region: Loaf of Bread $1.79 $1.79 $1.67
South Region: Milk/gal. $3.94 $4.12 $4.22
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q3/2023 (2nd Estimate)
5.2%
WV Real GDP
Q2/2023
3.6%
S&P 500 (YTD)
19.92% Updated 12/11/23 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
WV Hourly Rate
$8.75
Last Generated: 12/11/23 10:05 AM