Virginia unemployment rate rises to 5.9 percent
- August 17, 2012
Virginia’s seasonally adjusted unemployment rate increased two tenths of a percentage point in July to 5.9 percent but was a half percentage point below the rate for the same month last year.
The Virginia Employment Commission said the seasonally rate appears to be following a pattern similar to last year when the rate rose in June and July and then dropped for several months.
The jobless rate takes into account seasonal changes in the labor force.
The unemployment rate rose in July as the number of unemployed increased and the labor force contracted. The place-of-residence job count was down 14,560, while the number of unemployed
workers increased by 7,972.
Virginia’s seasonally adjusted unemployment rate is below the July national rate of 8.3 percent.
Virginia’s unadjusted unemployment rate was unchanged in July at 6 percent, but was four tenths of a percentage point below the July 2011 rate.
The number of Virginians receiving a regular unemployment benefit payment this July was 52,216, down from 55,197 in June 2012 and from 55,195 in July 2011.