Please ensure Javascript is enabled for purposes of website accessibility

Virginia’s unemployment rate creeps downward

Kira Jenkins //March 17, 2015//

Virginia’s unemployment rate creeps downward

// March 17, 2015//

Listen to this article

Virginia’s seasonally adjusted unemployment rate decreased 0.1 percentage point to 4.7 percent in January.

That rate is the lowest since October 2008 and was 0.6 percentage point below January 2014. The national average unemployment rate is 5.7 percent.

In January, the labor force expanded by 10,207 after decreasing during the previous nine months as household employment increased by 13,446 and the number of people seeking work dropped by 3,239 people.

Total nonfarm employment decreased by 10,900 jobs in January to 3.79 million, following job increases that totaled 20,500 the previous four months.  Seasonally adjusted employment decreased in six industries during January: trade and transportation, professional and business services, leisure and hospitality, government, information and mining.

Job gains occurred in private education and health services, construction, miscellaneous services and manufacturing. Employment remained steady in the financial industry.

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.