The Norfolk/Virginia Beach/Newport News economy makes headway in the second half of 2009
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As we approach the second half of 2009, it is clear that the Norfolk/Virginia Beach/Newport News economy is still shrinking. In April, employment was down by 0.8% year over year, equivalent to 6,400 jobs. However, when compared to the country as a whole where employment is down by 3.8% year over year, the metro area’s economic health takes on a much rosier hue.