Unemployment rate remains virtually unchanged

The Virginia Employment Commission announced that the seasonally adjusted unemployment rate statewide in June stands at 7%, backing down a statistically insignificant .1% from May. The decline is attributed to a rising number of Virginians who have decided to stop seeking work entirely.  The unemployed who haven’t actively sought a job in the previous four weeks aren’t counted in the unemployment rate.

At 7%, Virginia’s unemployment rate remains below the national average of 9.5%.

Many economists agree that the key to a recovery in employment will lead to a recovery in housing.

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One Response to Unemployment rate remains virtually unchanged

  1. The Harrisburg-Carlisle has the fifth lowest unemployment rate out of the state’s 14 metropolitan areas. The March unemployment rate was 6.9 percent, but often those initial numbers are revised.

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