Virginia’s unemployment rate remains unchanged in September
- October 19, 2012
Virginia’s seasonally adjusted unemployment rate remained unchanged at 5.9 percent in September, according to the Virginia Employment Commission.
This marks the third consecutive month that the jobless rate has not budged. Nonetheless, the VEC noted that the September 2012 rate is down four tenths of a percentage point from September 2011.
The number of unemployed workers decreased by 1,480 during September, while the labor force increased by 10,463.
Virginia’s seasonally adjusted unemployment rate is nearly two percentage points below the September national rate of 7.8 percent.
The seasonally adjusted number takes seasonal factors in the work force into account in arriving at the jobless rate.
Another measure of unemployment in Virginia’, the unadjusted unemployment rate, dropped two tenths of a percentage point in September to 5.6 percent.
That rate was seven tenths of a percentage point below the September 2011 rate.
The unadjusted unemployment rate usually declines in September because of increase in hiring tied to the start of the school year. Most Virginia public school systems don’t start school until after Labor Day.
The number of Virginians receiving a regular unemployment benefit payment was 49,583 in September, down from 50,604 in August and also down from 52,137 in September 2011.
Cumulative initial claims for September 2012 totaled 23,398, compared to 27,127 in August 2012 and 30,145
in September 2011.