Virginia’s Seasonally Adjusted Unemployment Rate

According to a Press Release from Governor Ralph Northam, Virginia’s seasonally adjusted unemployment rate remains unchanged at 2.8 percent. The seasonally adjusted unemployment rate for Virginia was down 0.8 percentage point from last year, and continuesto be the lowest rate since the April 2001 rate of 2.8 percent. The labor force has expanded for the third consecutive month, added 4,213 for a total of 4,359,242 and set a new record high. Household employment increased by 4,953, which was the twelfth consecutive monthly increase, and at 4,236,062, set a new record high. The number of unemployed continued to drop, declining by 740 to 123,180. Virginia’s seasonally adjusted unemployment rate continues to be below the national rate, which was up 0.2 percentage point in December to 3.9 percent.
For a more in depth statistical breakdown visit the Virginia Employment Commission’s website at www.vec.virginia.gov.
 

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