Fourth consecutive month of Virginia labor force increase
Household employment also rose by nearly 10,930, the third consecutive monthly increase. Virginia’s nonfarm payroll employment decreased by 13,600 in November, but remains up 37,500 compared to November of 2015.
Virginia’s over-the-year employment growth was 1.0 percent in November and has been positive for 32 consecutive months. Nationally, total nonfarm employment grew 1.6 percent in November compared to a year ago.
Virginia’s seasonally adjusted unemployment rate was up 0.1 percentage point in November to 4.2 percent from October’s revised rate of 4.1 percent.
Compared to a year ago, the seasonally adjusted unemployment rate remains unchanged.
Virginia’s seasonally adjusted unemployment rate continues below the national rate of 4.6 percent. When Governor McAuliffe took office in January of 2014, Virginia’s seasonally adjusted unemployment rate was 5.4 percent.
Virginia has the second lowest seasonally adjusted unemployment rate among the Southeast states, behind Arkansas. Virginia was tied with Indiana and Maryland for the fifth best rate among the states east of the Mississippi.
Virginia has the seventeenth lowest unemployment rate in the nation along with Indiana and Maryland.
In November, the private sector recorded an over-the-year employment gain of 35,200 jobs, and the public sector recorded an over-the-year gain of 2,300 jobs.
Compared to a year ago, on a seasonally adjusted basis, eight of the eleven major industry divisions experienced employment gains. ■