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Thursday, July 28, 2005

Lynchburg Virginia Unemployment Rates Increase in June

The overall unemployment rate released today from the VEC is reporting an increase.

From the VEC (pdf document)

"RICHMOND—High school youth joining college students already in the summer labor market, as usual for June, boosted the state’s unemployment rate 0.2 percentage point. Statewide unemployment rose by 10,900 from 139,500, or 3.6 percent, in May to 150,400, or 3.8 percent, in June. This June’s jobless rate was the highest rate recorded in Virginia in 11 months since 3.8 percent in July 2004. It was, however, below the June 2004 Virginia jobless rate of 4.0 percent and well below this June’s U.S. jobless rate of 5.2 percent. The 3.8 percent June 2005 Virginia unemployment rate was the best state level for the month of June in four years, since a 3.2 percent jobless rate in June 2001. The seasonally adjusted June Virginia unemployment rate was unchanged from both April and May, at 3.6 percent."

The Lynchburg unemployment rated increased by 540 from a rate in May of 4.0 percent to 4.4 percent in June.


(Local news) (City Council and local issues)

3 Comments:

At 2:58 PM, Anonymous Anonymous said...

"Quality employment" is another problem plaging Lynchburg. I dispise those temp agencies like preferred labor, alpha omega, manpower,, just to name a few. You'd be suprised to see how many people get jerked around by temp agencies!!!

 
At 5:24 PM, Blogger B O B said...

Thanks for the comment. We are in agreement with you here. Many large businesses in Lynchburg use temp help to fill positions. They get by with cheap labor prices, and when it is time to consider the temp worker for company employment, suddenly they get laid off. This we have seen happen time and time again.

 
At 9:27 AM, Anonymous Anonymous said...

I agree that there is a lack of "quality employment".

Regardless… Employees are going to get laid off one way or the other. The only way to prevent being laid off is to prove your worth to the organization. And sometimes that’s not even going to be enough. At least until someone comes up with a better economic systems (don’t hold your breath).

The real problem here is why Lynchburg isn’t attracting “quality employers”. Frankly, I believe our collective heads are in the sand.

 

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