Virginia's unemployment rate drops to 4 percent
This drop comes after the U.S. Bureau of Labor Statistics (BLS) issued benchmarked data for 2016.
The seasonally adjusted unemployment rate has been in the 4.0 to 4.1 percent range – the lowest rates since the July 2008 rate of 4.1 percent – since September 2015.
Virginia’s seasonally adjusted unemployment rate continues below the national rate, which was down 0.1 percentage point to 4.7 percent and announced on Friday.
Virginia is tied with Indiana for the second lowest rate among major U.S. states, behind Massachusetts.
Virginia has the second lowest seasonally adjusted unemployment rate among the Southeast states, behind Arkansas. Virginia was tied with Indiana for the fifth best rate among the states east of the Mississippi.
In addition, initial claims filed in 2016 for unemployment insurance benefits were the lowest Virginia has seen in more than 40 years. ■