Governor Northam Announces Commonwealth’s Unemployment Rate Dropped to 4.7 Percent in April
Payroll employment increased by 2,400 jobs
RICHMOND, VA (STL.News) Governor Ralph Northam announced that Virginia’s unemployment rate fell 0.4-percentage point to 4.7 percent in April. Virginia’s seasonally adjusted unemployment rate continues to be below the national rate, which rose to 6.1 percent.
“Virginia’s unemployment rate has decreased every month since last June and is edging closer to pre-pandemic record lows,” said Governor Northam. “More people are working, businesses are hiring, and our economy is getting even stronger as more and more Virginians receive their COVID-19 vaccines. Our Administration remains focused on ensuring there is opportunity for every Virginia resident, in every part of our Commonwealth so we can all move forward.”
Total nonfarm payroll employment increased by 2,400 jobs in April. The labor force decreased by 12,422 to 4,225,614, and the number of unemployed residents decreased by 17,097 to 197,338. The number of employed residents rose by 4,675 to 4,028,276. Virginia’s over-the-year job gain of 7.7 percent was less than the 10.9 percent increase nationwide.
“It’s great to see more Virginians getting back to work, and industries that were hard hit by COVID-19, like tourism and hospitality, making a comeback,” said Secretary of Commerce and Trade Brian Ball.