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January 2016 unemployment rate in Virginia lowest since July 2008

Staff writer |
Virginia’s seasonally adjusted unemployment rate decreased 0.1 percentage point in January to 4.1 percent, the lowest rate since July 2008.

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Virginia’s seasonally adjusted unemployment rate remains below the national rate, which fell 0.1 percentage point in January to 4.9 percent.

In January, Virginia’s over-the-year employment growth of 2.3 percent surpassed the national growth rate of 1.9 percent. Job growth in the Commonwealth continued to exceed the national growth rate, as it has for the previous three months.

Virginia had the lowest seasonally adjusted unemployment rate among the Southeast states and had the fourth best rate among the states east of the Mississippi.

The average weekly wage for private employers was $919.77 in January, which is 3.4 percent above a year ago.

“We continue to make substantial advances as we work to build a new Virginia economy,” said Governor Terry McAuliffe.

“The investments we mapped out in our two-year budget and capital bond package will provide new assets for strengthening our economic infrastructure, creating jobs and encouraging growth among our existing businesses.

“We will continue to make effective use of our resources, and I look forward to another active year of economic development and gains in international trade.”