Unemployment Falls To 3.6 Percent

11/20/17

Virginia’s unemployment rate fell to 3.6 percent in October, according to the Virginia Employment Commission.

October’s unemployment rate is one-tenth of a percentage point lower than the previous month (the second consecutive monthly decline) and five-tenths of a percentage point lower than a year ago. It also is the commonwealth’s lowest unemployment rate since the March 2008 rate of 3.6 percent.

Virginia's seasonally adjusted unemployment rate continues to be below the national rate, which was down one-tenth of a 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.

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