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Virginia unemployment rate drops to 2.9%

Staff Writer |
Virginia’s seasonally adjusted unemployment rate decreased by 0.1 percentage point in September to 2.9 percent, which is the third consecutive monthly decline.

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The September 2018 seasonally adjusted unemployment rate for Virginia was down 0.7 percentage point from a year ago and is the lowest rate since the June 2007 rate of 2.9 percent.

In September, the labor force contracted by 3,574, or -0.1 percent, as the number of unemployed dropped by 3,482 and household employment fell by a slight 92.

Virginia’s seasonally adjusted unemployment rate continues to be below the national rate, which was down by 0.2 percentage point to 3.7 percent.

Virginia has the lowest seasonally adjusted unemployment rate among the Southeast states. Virginia has the third best rate among the states east of the Mississippi. Virginia is ranked eighth in the nation for the seasonally adjusted unemployment rate along with Vermont.


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