Monday, March 29, 2010

Unemployment Rises to 7.2% As Virginia Sheds 32,600 Jobs in February

Virginia's loss of 32,600 jobs in February from January, the largest in records going back to 1983, was the biggest decline among states.

February's 7.2% (seasonally adjusted)  is up from 6.9% in January.  In the grips of the Great Recession, Virginia had a jobless rate of 6.1% in February 2009; the aftereffects keep rolling.

National unemployment remained at 9.7%.  Read more here.

Recently, local January 2010 unemployment  figures shocked the area: 
20 yr high: City of Charlottesville jumped to 8%
Albemarle County at 5.9%
Fluvanna at 6.6%
Greene at 6.7%
Louisa at 9.9%

Cville Metropolitan Statistical Area = 6.6%.  Some hope the City's number is a sampling anomaly.  Read more here.

Related Reading:
February Sales Down Locally, Nationally; Inventory Rises; Mortgage Rates Jump
9 Reasons Home Prices Will Continue Dropping in the Charlottesville Albemarle Area

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