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More Virginians are employed this year compared to last year – with more than 23,000 more people with jobs in June. In total, there are 201,472 more Virginians employed since January 2022.
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Virginia’s unemployment rate in May decreased by 0.2 percentage points to 2.9 percent, 0.4 percentage points above the rate from 2022.
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Virginia’s unemployment rate is down below 3 percent, a rare feat, with the Virginia Employment Commission reporting Friday that the rate dipped to 2.9 percent in May.
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The COVID-19 pandemic is mostly in the rearview as far as affecting the American economy, yet local unemployment rates still seek recovery.
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Virginia’s unemployment rate dipped to 3.1 percent in April 2023, half of a percentage point above the rate a year ago.
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Last week the U.S. House considered the Protecting Taxpayers and Victims of Unemployment Fraud Act led by 13 Republican cosponsors.
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The U.S. House voted 230-200 on Thursday to pass legislation styled by Republicans as the Protecting Taxpayers and Victims of Unemployment Fraud Act, and derided by Democrats as either the Surprise Billing Our Workers Act or the George Anthony Devolder Santos Fraudster Protection Act.
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The Commonwealth’s unemployment rate held steady at 3.2 percent in March 2023, 0.4 of a percentage point above the rate in March 2022.
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In the latest filing week, the Virginia Employment Commission reports that the number of initial claims essentially remained unchanged from the previous week.
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Virginia’s unemployment rate increased to 3.2 percent in January 2023, but the labor participation rate also rose to 65.4 percent.
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