Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Power Up Virginia 500
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Power Up Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Advertisement

Header Primary Menu

  • Issues
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Power Up Virginia 500
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Power Up Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Home News latest news Virginia’s unemployment rate dips again

Virginia’s unemployment rate dips again

Published June 17, 2016 by Veronica Garabelli

Virginia’s seasonally adjusted unemployment rate fell 0.1 percent in May to 3.8 percent, the lowest in eight years, according to the Virginia Employment Commission.

Virginia’s unemployment rate remains below the national average of 4.7 percent. The seasonally adjusted rate accounts for fluctuations in the job market each year.

However, in May, private sector employment decreased by 7,300 jobs to 3,188,300, while public sector payrolls increase by 1,200 jobs to 714,000. A strike by Verizon Communications Inc. employees accounted for about two-thirds of the decline.

Over the past year, Virginia’s seasonally adjusted total nonfarm employment was up 1.8 percent, or by 67,900 jobs.

Over the past month, seasonally adjusted employment decreased in five major industry divisions: information; leisure and hospitality; trade and transportation; miscellaneous services and private education and health services. Mining employment remained the same.

Employment grew in the professional and business services, construction and government divisions. Employment grew slightly in two divisions: manufacturing (400 jobs) and finance (100 jobs).

Related Stories

Virginia Business logo

Virginia native turns to reality television to take product nationwide

Virginia Business logo

More than 2,000 Hampton Roads residents sign up for toll relief

Gov. Ralph Northam speaking during April 13 news briefing

U.Va. coronavirus model sees Va. cases spiking in July, August

If stay-at-home order is lifted on June 10, most hospitals would exceed capacity this summer, researchers forecast.

Trending

258 Va. companies make this year’s Inc. 5000

Chesapeake warehouse sells for $13.59M

Va. Beach honors Ramon W. Breeden Jr.

NoVa distillery to expand, create 42 jobs

Caesars ups Danville casino investment to $650M

Sponsored Stories

Creating An Urban Destination in Chesapeake

5 surprising facts employers should know about voluntary benefits

What Supply Chain Problems should you be planning for in 2023?

Advertisement

Advertisement

Trending

258 Va. companies make this year’s Inc. 5000

Chesapeake warehouse sells for $13.59M

Va. Beach honors Ramon W. Breeden Jr.

NoVa distillery to expand, create 42 jobs

Caesars ups Danville casino investment to $650M

Sponsored Stories

Creating An Urban Destination in Chesapeake

5 surprising facts employers should know about voluntary benefits

What Supply Chain Problems should you be planning for in 2023?

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2022 Virginia Business. All rights reserved.

Site Maintained by TechArk