Friday, May 16, 2014

Virginia’s employment rate unchanged at 4.9 percent

In April, private sector employment decreased by 2,400 jobs, while public sector payrolls increased by 2,200 jobs

Virginia’s seasonally adjusted unemployment rate was unchanged in April at 4.9 percent.

The March unemployment rate was revised down 0.1 percentage point, leaving it unchanged from February’s 4.9 percent rate. Virginia’s seasonally adjusted unemployment rate continues below the national rate, which fell 0.4 percentage point in April to 6.3 percent.

Virginia’s seasonally adjusted nonfarm employment decreased by a slight 200 jobs in April to a total of 3,764,900. However March was adjusted upward by 300 jobs.

Total nonfarm employment continues below the April 2008 pre-recession peak of 3,791,900 jobs. In April, private sector employment decreased by 2,400 jobs, while public sector payrolls increased by 2,200 jobs.

The largest job decrease during April occurred in construction, down 3,100 jobs to 176,300. April’s decline in construction was the second consecutive monthly decline and combined with March’s decrease of 1,400 jobs essentially offset the total job gain from the previous four months.

Manufacturing employment declined by 2,100 jobs to 227,400, after increasing 600 jobs last month. Employment in private education and health services fell by 1,200 jobs to 510,000

The largest job increase occurred in total government, up 2,200 jobs to 708,500, the second consecutive monthly increase. State and local government employment increased by 1,200 jobs and 1,100 jobs, respectively, while federal government employment decreased by 100 jobs.

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Posted By Valerie Garner

Categories: Business

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