Business Vital Statistics

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

Employment

Payroll establishments (2017) 36,271
Payroll business establishments with fewer than 50 employees (2017) 94%
Non-employer establishments (businesses with no paid employees) (2016) 108,810
Number of jobs (2017) 601,415
Civilian labor force (July 2018)  649,571
Unemployment rate (July 2018) 2.4%
Residents working in Fairfax County (2016) 54.5%


Businesses

Foreign-owned firms (2018) 437
Minority-owned firms (2012) 47,911
Technology establishments (2017) 8,800
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 (2018) 275


Employment by Industry (2017)

Professional and technical services 28%
Health care and social services 11%
Retail trade 7%
Accommodation and food services 6%
Construction 6%
Administrative and support 5%
Finance and insurance 5%
Real estate 4%
Wholesale trade 3%
Educational services 2%
Information 2%
Other 21%


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 (Year-end 2017)

Office space - square feet 117.3 mil.
Office vacancy rate
   Direct 15.5%
   With sublet space 16.3%
Industrial/flex space - square feet 38.7 mil.
Industrial/flex vacancy rate
   Direct 7.8%
   With sublet space 8.5%
For additional information, consult the FCEDA Real Estate Report.


Federal Procurement

Government spending in Fairfax County (FY2017) $24.1 billion

 

Sources: Virginia Employment Commission, U.S. Census Bureau 2012 Survey of Business Owners, Bureau of Labor Statistics, 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.