Jul 26, 2011
Unemployment news bytes
26 Jul 2011
Posted by Andrew Kantor
Nationwide unemployment is about 10% these days; thankfully Virginia’s is significantly lower (about 6%). But The Wall Street Journal looked at not just how many people are unemployed, but for how long.
In Virginia, for example, more than a quarter (25.6%) of them have been out of work for a year or more. (Click here for a cool interactive chart.)
Keep in mind that these figures reflect unemployed people who are receiving unemployment insurance payments and are looking for work. It does not include people who have used up their benefits or have become “discouraged” and are not actively seeking work.
In other unemployment news, the Bureau of Labor Statistics reports that Virginia reported “statistically significant job losses from May 2011 to June 2011” — 14,600 more Virginians were out of work.