Virginia's Unemployment Drops to Lowest Rate Since 2007

posted by Caroline cook - 

Governor Ralph Northam announced that the state's seasonally adjusted unemployment rate has decreased to the lowest rate since August 2007.

Northam said it decreased to 3.1 percent in July and was down .6 percentage points from a year ago.

In July, the labor force expanded by 7,790, which was the sixth consecutive monthly increase, and at 4,356,623, set a new record high.

Household employment increased by 12,146, which was the seventh consecutive monthly increase, and at 4,223,275, also set a new record high. 

The number of unemployed continued to drop, declining by 4,356 to 133,348. 

Get the full story from ABC-13 WSET HERE.

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