Tuesday, June 22, 2021

Unemployment Rate Drops In Virginia

Governor Ralph Northam recently announced that unemployment rate in the Commonwealth of Virginia dropped 0.1 percentage point to 5.1 percent in March. This is down 6.2 percentage points from the its peak of 11.3 percent in April 2020.

In a press release from the Office of the Governor, Governor Northam stated that while we have made great strides in unemployment recovery, there is still much work to be done. “Virginia’s unemployment rate is steadily improving and we are making real progress in safely opening our economy,” said Governor Northam. “We will continue to focus our efforts bringing more Virginians into the workforce and supporting families, businesses, and communities with the resources they need to build back stronger.”

Total non-farm payroll employment increased by 800 jobs in March. The labor force increased by 1,618 to 4,238,239, as the number of unemployed residents decreased by 5,051.

“As more and more Virginians receive vaccines, we get closer to ending this pandemic, and our economy becomes stronger,” said Secretary of Commerce and Trade, Brian Ball. “Despite a tough year, companies have continued to expand and create jobs in Virginia thanks to our strong business climate and world-class workforce.”

For a complete breakdown of employment numbers in Virginia, visit the Virginia Employment Commission’s website.

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