Virginia unemployment rate lowest in nine years

Posted March 25, 2017

State Labor Commissioner Mark Butler said in a statement that the jobless rate fell as Georgia set record highs for the number of people employed and for the size of the labor force.

The state was a full point the national unemployment rate last month, which decreased to 4.7-percent.

In February, the national jobless rate was 4.7 percent, down from 4.8 percent in January.

The jobless rate in the Quad Cities fell to 5.5% last month, from 5.9% in December, 2015.

Wisconsin's unemployment rate dropped to 3.7 percent in February, the lowest it's been since November of 2000.

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Meanwhile, the fastest employment growth occurred in other services - up 4.4 percent; trade, transportation and utilities - up 4.3 percent; along with professional and business services - up 4.2 percent.

Pete Gioia, an economist with the Connecticut Business & Industry Association, said the swing from January's job gains to February's employment losses shows the volatility of the state's economy at this current juncture.

Virginia's over-the-year employment growth was 1.4 percent in February and has been positive for 35 consecutive months.

The 25,600 jobs gained in February were mostly in government, which added 8,300 jobs, as well as construction, education and health services. Adjusted for seasonal changes like the end of the holiday shopping season, the state lost 1,800 jobs in February. Manufacturers, who had spent most of the previous 12 months cutting jobs, added about 600 positions in February. The only job gainer came in financial activities, which added 1,700 jobs. "And 57 counties and 11 metros saw over-the-year declines".

Local area unemployment data are not seasonally adjusted.