Gov. McAuliffe: Commonwealth’s unemployment rate drops to 4%
RICHMOND, Va. (WSET) -- Virginia’s unemployment rate went down 0.1 percentage point in January to 4.0 percent, after holding steady at 4.1 percent the previous six months, Governor Terry McAuliffe announced Monday.
This drop comes after the U.S. Bureau of Labor Statistics (BLS) issued benchmarked data for 2016.
The seasonally adjusted unemployment rate has been in the 4.0 to 4.1 percent range – the lowest rates since the July 2008 rate of 4.1 percent – since September 2015.
“This report shows that Virginia is overcoming economic headwinds to create jobs and opportunity for people in every corner of the Commonwealth,” said Governor McAuliffe.
Virginia is tied with Indiana for the second lowest rate among major U.S. states, behind Massachusetts.
Virginia’s labor force expanded for the 10th consecutive month to 4,274,272, up over 6,000 people in January, and with the benchmark realignment, a record high for the Commonwealth. Household employment rose by over 8,700, the 25th consecutive monthly increase and another record high.
For a greater statistical breakdown visit the Virginia Employment Commission’s website at www.vec.virginia.gov.