Unemployment rate in Virginia drops; lowest since 2017

posted by Caroline Cook -

Governor Ralph Northam announced Friday that Virginia’s seasonally adjusted unemployment rate was down 0.1 percentage point in May to 3.2 percent and was down 0.6 percentage point from a year ago.

May’s seasonally adjusted unemployment rate of 3.2 percent is the lowest rate since the October 2007 rate of 3.2 percent.

In May, the labor force expanded by 7,656, which was the fourth consecutive monthly increase, and at 4,338,619, set a new record high. Household employment increased by 11,549, which was the fifth consecutive monthly increase, and at 4,198,554, also set a new record high. 

More on the story HERE from ABC-13 WSET.


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