Industries

Virginia unemployment rate dropped in October

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Virginia’s seasonally adjusted unemployment rate fell to 5.7 percent in October, down two tenths of a percentage point from September.

October’s decline in unemployment was the first recorded in Virginia since March, according to the Virginia Employment Commission.

The state’s jobless rate had remained at 5.9 percent from July through September.

The October 2012 employment rate is a half a percentage point lower than October 2011 when it stood at 6.2 percent.

During last month, the number of unemployed workers fell by 4,659.

The seasonally adjusted unemployment rate takes into account seasonal changes in the labor force.

The unadjusted jobless rate also decreased two tenths of a percentage point during October to 5.4 percent.

The unadjusted rate usually falls in October, according to the VEC.

Nationally, the seasonally adjusted employment rate was 7.9 percent, up one tenth of a percentage point from September.


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