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.
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