Virginia unemployment stays at 2.9%
Virginia’s unemployment rate was unchanged in July, but its labor force continued to expand.
The commonwealth’s seasonally adjusted jobless rate remained at 2.9% for the second consecutive month. Seasonally adjusted data take into account seasonal fluctuations in the labor force.
In releasing the July figures, the governor’s office noted that Virginia had the lowest unemployment rate among Southeastern states and tied for fifth lowest nationally with four other states — Colorado, Idaho, Massachusetts and South Dakota.
Meanwhile, Virginia’s labor force expanded in July for the thirteenth consecutive month by 12,345 workers to set a new record high of 4,389,783.
Virginia’s jobless rate also was 2.9% in July 2018. The U.S. unemployment rate last month was 3.7%, the same as June.
In July, the private sector recorded an over-the-year gain of 29,600 jobs, while employment in the public sector decreased by 6,600 jobs.