Cautious optimism: Unemployment rate continues dip
The Virginia Employment Commission announced this morning that Virginia’s seasonally adjusted unemployment rate fell to 6.5 percent in January, the lowest unemployment rate in the Commonwealth since March 2009.
The rate has been trending downward since March 2010, when the rate reached a high of 7.3 percent. The unemployment rate in Virginia continues to trend a couple of points below the national rate, which stood at 9.0 percent in January.
“The number one priority of our Administration is getting the Commonwealth’s economy back on track. We are focused on putting in place the policies, tools and resources that will help the private sector create good jobs in every region of the state. Today’s news that the unemployment rate has fallen to a near-two year low demonstrates that this bipartisan effort is paying off,” Gov. Bob McDonnell and Lt. Gov. Bill Bolling said in a joint statement today.