Virginia’s unemployment rate continues to fall

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Virginia’s seasonally adjusted unemployment rate fell 0.3 percentage point in January to 5.8 percent, the lowest rate in three years.

Other than a couple of months in the past two years, the rate has been falling since its height of 7.3 percent in January 2010.

That is 0.3 percentage point below December and 0.6 percentage point below the previous January. The commonwealth remained well below the national unemployment rate, which was 8.3 percent.

Virginia’s unadjusted employment rate increased 0.1 percentage point to 6 percent, but was 0.9 percentage point below January 2011. Jobless rates typically drop in January after the holidays. The national unadjusted rate in January was 8.8 percent.

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