Business Vital Statistics

The following facts give a broad overview of Fairfax County's business community.

Employment

Payroll establishments (2016) 37,563
Payroll business establishments with fewer than 50 employees (2016) 94%
Non-employer establishments (businesses with no paid employees) (2015) 104,930
Number of jobs (2016) 595,256
Civilian labor force (July 2017)  649,474
Unemployment rate (July 2017) 3.1%
Residents working in Fairfax County (2014) 54.5%


Businesses

Foreign-owned firms (2015) 415
Minority-owned firms (2012) 47,911
Technology establishments (2017) 8,900
African American-owned firms (2012) 8,832
American Indian- and Alaska Native-owned firms (2012) 577
Asian-owned firms (2012) 24,645
Hispanic/Latino-owned firms (2012) 14,015
Native Hawaiian- and other Pacific Islander-owned firms (2012) 69
Woman-owned firms (2012) 41,905
Veteran-owned firms (2012) 12,378
Associations (2017) 292


Employment by Industry (2016)

Professional and technical services 26%
Management and administrative services 10%
Health care and social services 10%
Retail 9%
Educational services 8%
Accommodation and food services 8%
Public administration 5%
Construction 4%
Finance and insurance 4%
Other 16%


Employment by Age of Worker

Ages 19-34 31%
Ages 35-44 23%
Ages 45-54 24%
Ages 55-64   16%
Ages 65+  6%


Commercial Real Estate (Yearend 2016)

Office space - square feet 116.7 mil.
Office vacancy rate
   Direct 15.8%
   With sublet space 16.8%
Industrial/flex space - square feet 38.8 mil.
Industrial/flex vacancy rate
   Direct 9.5%
   With sublet space 9.6%
For additional information, consult the FCEDA Real Estate Report.


Federal Procurement

Government spending in Fairfax County (FY2016) $23.9 billion

 

Sources: Virginia Employment Commission, U.S. Census Bureau 2012 Survey of Business Owners, Bureau of Labor Statistics 2016 QCEW, 2016 U.S. Census Bureau Local Employment Dynamics, Fairfax County Department of Systems Management for Human Services, Fairfax County Economic Development Authority, Federal Procurement Data System


Fairfax County Economic Indicators

The Fairfax County Department of Management and Budget produces a monthly roundup of information on the county's current economic climate, as well as selected economic indicators on the state and national levels, so county business leaders, residents and officials can better understand the local, state and national economies.