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Saturday, August 20, 2011

Virginia’s Jobless Rate Up Slightly in July

Virginia lost 47,800 jobs last month, underscoring the slow and uncertain economy in the state and across the nation.

Seven of 11 major industry sectors lost jobs, pushing up the state unemployment rate to 6.1 percent in July from 6.0 percent in June, according to a report released Friday by the Virginia Employment Commission.

"Overall, the report depicts an economy that continues to struggle," said Christine Chmura of Chmura Economics & Analytics in Richmond. "This is a slow recovery. Most major sectors contracted in July."

The slight bump in the seasonally adjusted rate is the first increase in Virginia since the peak rate of 7.2 percent in February 2010.

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