The Bulletin

Virginia’s unemployment rate hits lowest level in 11 years

By: - October 19, 2018 3:41 pm
Virginia Mercury

Virginia’s unemployment rate fell for the third month in a row, hitting the lowest number since 2007, Gov. Ralph Northam’s administration announced.

“The September 2018 seasonally adjusted unemployment rate for Virginia was down 0.7 percentage point from a year ago and is the lowest rate since the June 2007 rate of 2.9 percent,” Northam’s office said in a statement.

According to a report from the Virginia Employment Commission, the labor force contracted by 3,574, or -0.1 percent in September, as the number of unemployed dropped by 3,482. But the estimated gains in jobs in August were revised up to reflect more jobs in employment in private education and health services, trade and transportation, professional and business services, information and miscellaneous services.

“I’m pleased to see the unemployment rate decrease for a third consecutive month, a key indication that Virginia’s economy is strengthening and the work we’re doing to attract new business and investment is paying off,” Northam said. “But even as we add jobs and see record-low unemployment in the commonwealth, we must also concentrate on enhancing our workforce development system and building the necessary infrastructure to sustain this growth long-term.”

Virginia has the lowest seasonally adjusted unemployment rate in the Southeast.

 

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Robert Zullo
Robert Zullo

Robert spent 13 years as a reporter and editor at weekly and daily newspapers before becoming editor of the Virginia Mercury in 2018. He was a staff writer and managing editor at Worrall Community Newspapers in Union, N.J., before spending five years in south Louisiana covering hurricanes, oil spills and Good Friday crawfish boils as a reporter and city editor for the The Courier and the Daily Comet newspapers in Houma and Thibodaux. He covered Richmond city hall for the Richmond Times-Dispatch from 2012 to 2013 and worked as a general assignment and city hall reporter for the Pittsburgh Post-Gazette from 2013 to 2016. He returned to Richmond in 2016 to cover energy, environment and transportation for the Richmond Times-Dispatch. He grew up in Miami, Fla., and central New Jersey. A former waiter, armored car guard and appliance deliveryman, he is a graduate of the College of William and Mary. Contact him at [email protected]

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