Industries Economic Development

Virginia’s jobless rate drops again

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Virginia’s seasonally adjusted unemployment rate decreased one tenth of a percentage point to 5.6 percent in November, according to the Virginia Employment Commission.

November’s report marks the second consecutive decline in the commonwealth’s jobless rate. October’s rate was 5.7 percent, down two tenths of a percentage point from 5.9 percent, the figure that had prevailed from July through September.

The VEC said nonfarm employment in Virginia rose by nearly15,000 from October to November to a total of 3.8 million.

The November 2012 unemployment rate was down 0.6 points from the commonwealth’s jobless rate of 6.2 percent 12 months before.

The national seasonally adjusted unemployment rate for November was 7.7 percent.

The seasonally adjusted rate takes into account seasonal fluctuations in the labor market.

Virginia’s unadjusted unemployment rate decreased one tenth of a percentage point in November to 5.3 percent
and was a half percentage point below the November 2011 rate.

 


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