Despite Economic Growth in 2023, State of the Commonwealth Report Shows Worrying Trends
12/20/23 at 03:45 AM
Despite Economic Growth in 2023, State of the Commonwealth Report Shows Worrying Trends
News Release
December 18, 2023
Norfolk, VA—There are positive takeaways from Old Dominion University’s ninth annual State of the Commonwealth Report. Virginia’s economy and population continued to grow in 2023 and a record number of people were employed and in the labor force, surpassing pre-pandemic levels. But the report, produced by ODU’s Dragas Center for Economic Analysis and Policy, also raises questions about the commonwealth’s future.