Hampton Roads Employment by Sector
During the recession, the Hampton Roads region lost a significant
portion of its core employment sectors, which include military,
construction,
manufacturing and trade/transportation/utilities.
Professional occupations, including those in information and financial
sectors maintained close to the same level of employment and are
projected to gain jobs in the next two decades. Government and
service-oriented employment increased during the recession and is
expected to continue to grow at a slower pace for the next 10 years.
Historical and Projected Employment Change by Sector
Virginia Beach-Norfolk-Newport News, VA-NC MSA; 2001-2040
15,000
20,000
25,000
0
5,000
10,000
-15 000
-10,000
-5,000
-20,000
,
Military
Natl.
Resources
and Mining
Construction Manufacturing Trade,
Transportation
& Utilities
Information Financial
Activities
Professional
and Business
Services
Education and
Health
Services
Leisure and
Hospitality
Other
Services
Government
2001-2010 2011-2020 2021-2030 2031-2040
Dominion Boulevard | City of Chesapeake | April 11, 2014 | E4-11982.40
27
Source: Moody’s Economy.com
