jump to example.com

Virginia unemployment rate steady at 3.8 percent

Virginia’s seasonally adjusted unemployment rate in April held steady at 3.8 percent, following three straight months of decline. The March and April rates of 3.8 percent are the lowest rates in nine years, since May 2008. Virginia’s seasonally adjusted unemployment rate continues below the national rate, which was down 0.1 percentage point in April to 4.4 percent.

“Today’s announcement is more positive news for the Commonwealth as we work to build a new Virginia economy that is less reliant on federal spending and more reliant on diversified, private sector investment and job creation,” said Governor McAuliffe.  “I’m equally pleased to see the continued growth of our labor force, setting another record high for the Commonwealth as more Virginians bring their skills and talents to our economy.”

Virginia has the second lowest seasonally adjusted unemployment rate among the Southeast states. In addition, Virginia has the second lowest unemployment rate among major U.S. states.

Virginia’s labor force expanded for the 13th consecutive month to 4,301,554, setting a record high for the Commonwealth, and household employment expanded for the 28th consecutive month to 4,139,699, also a record high. The labor force increased by 11,054 in April, as household employment rose by 10,270 and the number of unemployed increased by 784.

“I’m pleased to see these strong indicators that Governor McAuliffe’s efforts to build a new Virginia economy, in partnership with the private sector, the General Assembly, and others, are working,” said Secretary of Commerce and Trade Todd Haymore.  “With record private-sector investments, I’m hopeful this trend of over-the-year job gains will continue, further establishing Virginia’s status as the best state to live, work, and raise a family.”

Virginia’s nonfarm payroll employment is 44,400 jobs higher when compared to April of 2016. Virginia’s over-the-year employment growth was 1.1 percent and has been positive for 37 consecutive months.  Nationally, total nonfarm employment grew 1.6 percent in April compared to a year ago.

In April, the private sector recorded an over-the-year gain of 43,900 jobs, while the public sector recorded an over-the-year gain of 500 jobs. Compared to a year ago, on a seasonally adjusted basis, eight of the eleven major industry divisions experienced employment gains.

For a greater statistical breakdown visit the Virginia Employment Commission’s website at www.vec.virginia.gov.

   
Discussion
 
Highlights

AAA: Gas prices trending downward

Gas prices in the Mid-Atlantic region continue to drop slowly but will not drop as quickly as they rose following Hurricane Harvey’s landfall last month.

Skyline Drug Task Force touts new online tool to combat illicit drug sales

Law enforcement officials from across the region gathered in Waynesboro Thursday to talk up ReportADrugDealer.com, an online reporting tool being used to combat illicit drug sales.

Cliff Hyra: Libertarian reaches out to undecideds in Virginia governor race

Cliff Hyra, the Libertarian candidate for governor, was technically at Tuesday’s Virginia gubernatorial candidate debate.

And now: UVA football has expectations

The media had UVA seventh, and dead last, again, in the ACC Coastal, in the preseason. That’s called having no expectations

   
Recent Posts
   
Your One-Stop Media Shop
Augusta Free Press LLC provides clients in the Shenandoah Valley and Central Virginia and beyond with marketing and PR solutions including web design, magazine/brochure, TV/radio, social media and overall marketing campaign design and implementation.
  • Web Design

    You want a new website, but don’t have the first clue as to how to build one. That’s our job. We take care of all facets of web design – visual design, layout design and content development. Get your business online for as little as $1,299.
    Learn more about AFP Web Design services.
  • Graphic Design

    The staff at Augusta Free Press Publishing has been recognized by the Virginia Press Association for excellence in layout and design. Whether you need a fresh business card design, rack card, ad, flyer or full magazine design, we can help with all your graphic-design needs.
    Learn more about AFP Graphic Design services.
  • Marketing

    Augusta Free Press manages advertising campaigns for small- and medium-sized businesses across Virginia. You don’t need to hire a full-time marketing coordinator. Bring the experience of the Augusta Free Press team to work for you – for a fraction of the cost.
    Learn more about AFP Marketing services.