Unemployment rate drops
RICHMOND — Gov. Terry McAuliffe announced that Virginia’s seasonally adjusted unemployment rate was down 0.1 percentage point in October to 3.6 percent, the second consecutive monthly decline, and was down 0.5 percentage points from a year ago.
“October’s unemployment rate of 3.6 percent was the lowest rate since the March 2008 rate of 3.6 percent,” officials said in a press release. “Virginia’s seasonally adjusted unemployment rate continues to be below the national rate, which was down 0.1 percentage point in October to 4.1 percent.”
Virginia is tied with Alabama, Arkansas, and Florida for the second lowest seasonally adjusted unemployment rate among the Southeast states, behind Tennessee.
“In addition, Virginia has the second lowest unemployment rate, along with Florida, among major U.S. states behind Tennessee,” officials said in the release.