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Virginia's unemployment drops to lowest rate in nine years

Staff Writer |
Virginia’s seasonally adjusted unemployment rate was down 0.1 percentage point in February to 3.9 percent, the lowest rate since June 2008.

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When Governor Terry McAuliffe took office in January 2014, the unemployment rate was 5.4 percent.

Virginia’s seasonally adjusted unemployment rate continues below the national rate, which was down 0.1 percentage point to 4.7 percent and announced earlier this month. Since Governor McAuliffe entered office, Virginia has added 191,600 net new jobs.

Virginia has the second-lowest unemployment rate of any major U.S. state.

In addition, initial claims filed in 2016 for unemployment insurance benefits were the lowest Virginia has seen in 44 years, going back to 1973.


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