RICHMOND, Va. (WFXR) — For the third consecutive month, the number of unemployed Virginians dropped as most major industries continued to expand.
According to the Virginia Employment Commission (VEC), October saw 2,368 newly-employed Virginia residents, which dropped the Commonwealth’s seasonally adjusted unemployment rate to 2.6 percent.
Virginia’s current seasonally-adjusted unemployment rate is 0.1 percentage point lower than it was a month ago, 0.2 percentage point lower than it was a year ago, and 1 percentage point lower than the national unemployment rate of 3.6 percent.
The VEC reports that Virginia does not only have the lowest unemployment rate in the Southeast, but it is also the second lowest for states east of the Mississippi and the fourth lowest in the U.S.
“Virginia’s economy is headed in the right direction,” said Gov. Ralph Northam (D-Va.). “The competition for talent is on, because low unemployment gives workers more options about where to work. Next month, we will put forward a budget that continues investing in workforce development to ensure long-term, shared economic growth in our Commonwealth.”
- Ferrum pitcher Will Davis finds success in Martinsville
- Duke hires Celtics’ Kara Lawson as women’s basketball coach
- Virginia sheriff’s deputy who said he was attacked Friday night charged with falsely summonsing law enforcement and obstruction of justice
- Boy calls for help; says his father shot his mother in Wythe County, authorities say
- Walking through African American history at Old City Cemetery