Virginia jobless numbers continue to drop
- April 2, 2012
Virginia’s seasonally adjusted unemployment rate fell one-tenth of a percentage point in February to 5.7 percent.
February’s jobless rate represented the lowest rate since it reached 5.8 in January 2009.
The adjusted rate takes into consideration seasonal swings in employment.
The seasonally adjusted rate has been trending down since reaching a peak of 7.3 percent in January 2010, with the exception of a slight blip upward in June and July last year.
In February 2011, the rate was 6.3 percent.
The number of unemployed decreased by 4,315 this February.
Virginia’s seasonally adjusted unemployment rate continues below the national rate, which remained at 8.3 percent.
Virginia’s unadjusted unemployment rate increased one tenth of a percentage point in February to 6.1 percent but was half a percentage point below the February 2011 rate.
Nonfarm payroll employment increased by 9,000 jobs in February to 3.66 million after January’s typical seasonal employment loss that was revised from 64,500 jobs to 66,200 jobs.