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Virginia’s jobless rate falls to 2.8 percent

The number of employed Virginians expanded to more than 4.2 million workers in June 2022, as the state added nearly 94,000 employed residents since Feb. 1, Gov. Glenn Youngkin announced last week.

Virginia’s unemployment rate fell to 2.8 percent in June, below the national rate, which was unchanged at 3.6 percent.According to Bureau of Labor Statistics household survey data, the number of employed residents rose by 13,792 to 4,232,192. In 2022, employment growth has averaged nearly 19,000 a month, over four times the 2021 average. The state’s seasonally adjusted unemployment rate of 2.8 percent is 1.2 percentage points below the rate from a year ago.The labor force increased by 6,250 to 4,353,465 as the number of unemployed workers contracted by 7,542, the most in a year.

Virginia’s labor force participation rate, measuring the proportion of the civilian population age 16 and older that is employed or actively looking for work, was unchanged at 63.8 percent in June.

“The June...

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