Virginia unemployment rate takes another dip

Published October 19, 2018 by Jessica Sabbath

Virginia’s unemployment rate dipped for the third consecutive month.

The commonwealth’s seasonally adjusted rate for September was 2.9 percent, down 0.7 percentage point from a year ago.

It marks the commonwealth’s lowest rate in more than 10 years. The unemployment rate last was 2.9 percent in June 2007.

Virginia’s seasonally adjusted unemployment rate continues to be below the national rate, which was down by 0.2 percentage point to 3.7 percent.

Virginia’s nonfarm employment increased by 5,600 jobs to 4,025,000, a new record high.

Private employment in September increased by 7,700 jobs to 3,324,000, while public-sector payrolls decreased by 2,100 jobs to 701,200.