Virginia’s unemployment rate the lowest in 2 years

An email from Governor Youngkin announced the lowest unemployment rate in Virginia in 2 years.

Virginia’s unemployment rate in March dropped 0.2 percentage points to 3.0 percent.

That seasonally adjusted unemployment rate is 1.5 percentage points below the rate from a year ago.

The labor force increased by 19,532 with the number of unemployed residents decreasing by almost 5,000.

Virginia’s seasonally adjusted unemployment rate continues to be below the national rate of 3.6 percent.

Virginia had the second lowest unemployment rate in the southeast and 15 lowest in the nation.

Governor Youngkin said we are seeing green shoots in job recovery as we hit the lowest unemployment rate in the Commonwealth in nearly two years.

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VEC announced the lowest unemployment claims since 1969

An email from the Virginia Employment Commission (VEC) announced that the number of initial unemployment insurance weekly claims remains at historic lows.

In fact the claims nationwide fell to the lowest level since September of 1969 for the filing week ending March 19.

The most recent week continued weeks claimed were under 7,000 which is 88 percent lower than the same week last year.

In Virginia for the filing week ending Mar. 19 the seasonal unadjusted claims was 1,546 that is a 308 claimnates decrease from the previous week.

For additional information on who is receiving unemployment claims in Virginia click here.

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July’s Unemployment rate falls in VA.

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Virginia’s seasonally adjusted unemployment rate fell to 4.2 percent in July.

That rate is 3.7 percent below the rate from a year ago.

The number of unemployed residents in the state decreases by over 7,000.

Job gains over the year was up 3.8 percent.

Virginia’s seasonally adjusted unemployment rate continues to be below the national rate of 5.4 percent.

Gov. Northam praised the rate saying it shows the strength and resiliency of the state’s economy and workforce.

CNBC once again named Virginia one of the top states for business according to Gov. Northam.

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Virginia lowers unemployment rate again

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Governor Ralph Northam announced Virginia’s unemployment rate had fallen another 0.2% in June down to 4.3%.

Down substantially from the 8.8% rate a year ago and lower than the national average of 5.8%. 

Virginia also had one of the lowest seasonally adjusted employment rates in the Southeast.

The Secretary of Labor Megan Healy believes these are signs that Virginia’s workers are finding safety and opportunities in the job market.

The job markets with the most growth in Virginia include leisure and hospitality which is up 25.5%.

Trade and transportation had the second highest growth at 6.5%

For more news from across the Shenandoah Valley, click here.