Virginia’s unemployment rate falls to 5.3 percent in March

Contributors

Virginia’s unemployment rate fell to 5.3 percent in the month of March, according to data released today by the U.S. Bureau of Labor Statistics. This is the lowest unemployment rate in the Commonwealth since December 2008. Virginia has the lowest unemployment rate in the Southeast, and the second-lowest unemployment rate east of the Mississippi River.

Virginia unemployment rate drops to 5.5 percent

Contributors

Virginia’s seasonally adjusted unemployment rate decreased 0.1 percentage point this month to 5.5 percent, the third consecutive monthly decline, and was 0.6 percentage point below the year-ago December rate of 6.1 percent. This month’s seasonally adjusted unemployment rate of 5.5 percent is the lowest in four years when the December 2008 rate was 5.3 percent. The labor force expanded for the fourth consecutive month, as the additional people that reported working exceeded the drop in the number of unemployed. Virginia’s seasonally adjusted unemployment rate is below the December national rate of 7.8 percent, which was unchanged from November.