State’s seasonally adjusted jobless rate stays at 5.6 percent
- May 18, 2012
Virginia’s seasonally adjusted unemployment rate remained unchanged in April, at 5.6 percent.
Nonetheless, the April jobless rate is the lowest it has been in more than three years and is down six tenths of a percentage point from the same month in 2011.
The Virginia Employment Commission says seasonally adjusted unemployment rate has been trending down since the peak rate of 7.3 percent in January 2010.
The national jobless rate is 8.1 percent.
The seasonally adjusted unemployment rate takes into account seasonal factors that affect employment.
Virginia’s unadjusted unemployment rate declined three tenths of a percentage point (0.3) in April to 5.4 percent and
was four tenths of a percentage point (0.4) below the April 2011 rate.
The number of Virginians receiving a regular unemployment benefit payment was 49,748 in April
2012, which was down from 61,237 in March 2012 and down from 55,412 in April 2011.
Cumulative initial claims for April 2012 totaled 28,107, compared to 28,851 in March 2012 and 32,845 in April 2011.
Nonfarm payroll employment increased by 23,400 jobs in April to 3.72 million jobs.
From March to April, eight major industry divisions experienced employment gains, two experienced employment
losses, and mining employment was unchanged.
The leisure and hospitality industry again experienced the largest job gain. Springtime events, tours, and staffing at theme parks and recreational
facilities boosted employment by 13,600 jobs to 355,300.