State News

Virginia Jobless Rate Steady at 5.9% in August

by AP posted Sep 21 2012 12:02PM
     RICHMOND, Va. (AP) - Virginia's jobless rate remained steady in August after increasing the previous two months.
     The Virginia Employment Commission says Virginia's seasonally adjusted unemployment rate was 5.9 percent in August. That's 0.5 percentage points lower than a year ago.  
     Virginia's unemployment rate has been trending down since January 2010, when joblessness peaked at 7.3 percent. The rate had fallen to a three-year low earlier this year and increased during June and July in a pattern similar to last year.
     The state's jobless rate is still below the national average, which edged down to 8.1 percent in August. But that was only because many people gave up looking for work. 
     The Labor Department says rates rose in 26 states last month. Rates fell in 12 states and Washington, and were unchanged in 12.
Filed Under :
Topics : Business_FinanceLabor
Location : VirginiaWashington
09/21/2012 12:02PM
Virginia Jobless Rate Steady at 5.9% in August
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