Economy: Unemployment rates in U.S. continue to decrease
Despite high inflation and the threat of recession, new unemployment claims in the United States decreased slightly week-over-week on October 24.
Despite high inflation and the threat of recession, new unemployment claims in the United States decreased slightly week-over-week on October 24.
WalletHub released its updated rankings on Changes in Unemployment Rate by State with September 2022 data.

The Virginia Employment Commission announced last week that the number of initial unemployment claims fell again to 482, remaining at a historic low level.

WalletHub’s recent report records Changes in Unemployment Rate by City, as a follow-up to its report on the States Where Unemployment Claims Are Decreasing the Most.

The week ending September 24, 2022 in Virginia saw initial unemployment claims fall to 953.

A Hampton man was sentenced last week to 27 months in prison for a fraud scheme to obtain unemployment benefits made available because of the COVID-19 pandemic.

Virginia’s unemployment rate fell to 2.6 percent in August, a 1 percent decrease from August 2021.

Amid high inflation and fears of a recession, new unemployment claims dropped by 2.6 percent on August 29.

The Virginia Employment Commission announced Thursday that the number of continued unemployment claims was essentially unchanged, holding at their highest level since the end of 2021, during the most recent filing week.

Virginia’s job openings rate was 7.4 percent in June, but this is little comfort for Virginians still waiting to receive benefits from the Virginia Employment Commission.