Sunday, August 21, 2011

Unemployment Increases Locally and Throughout Virginia

Central Virginia's rate just bumped up, despite this being "tourist" and "recreation" seasons.  And the Commonwealth's rate is at 6.1 for July 2011.  It peaked at 7.2%, where it stayed from December 2009 to February 2010.  Unemployment increased in 28 states, fell in 9, and stayed unchanged in 14.  Read. 

The unemployment rate is likely to keep rising as the economy is forecast to further shrink through the end of the year, resulting in over 10% Nat'l unemployment by December.

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