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County jobless rate up

PULASKI COUNTY — Both Pulaski County and the state saw increases in unemployment rates for May, due to an influx of college graduates entering the job market.
According to Bill Mezger, chief economist with the Virginia Employment Commission, most colleges in Virginia had already graduated students by the time the VEC’s reference week (May 11-17) arrived.
“That put a lot more students into the labor force,” said Mezger, who noted the state’s labor force hit an all-time high in May.
Mezger said the increased labor force numbers, helped by Volvo layoffs at the end of the reference week, combined to push jobless figures up in the New River Valley.
Nearly all NRV localities saw an increase in May.
Wythe County saw the biggest jump with a 4.6 percent rate in May compared to 3.9 percent in April. The number of unemployed rose to 712 in May.
Radford also saw a big increase — jumping from 4 percent in April to 5.1 percent in May — with 368 people unemployed.
Pulaski County recorded a 4.7 percent unemployment rate in May, up from 4.1 percent in April. The VEC reported 851 people in Pulaski County unemployed in May.
Montgomery County’s May rate stood at 3.6 percent with 1,565 unemployed, compared to 3.3 percent in April.
Only Giles saw a decrease in unemployment in May with a 4.2 percent rate — down from 4.4 percent in April. The VEC reports 352 people out of work in May.
Virginia’s unemployment rate went up one-half of a percentage point to 3.8 percent in May.

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County jobless rate up

PULASKI COUNTY — Both Pulaski County and the state saw increases in unemployment rates for May, due to an influx of college graduates entering the job market.
According to Bill Mezger, chief economist with the Virginia Employment Commission, most colleges in Virginia had already graduated students by the time the VEC’s reference week (May 11-17) arrived.
“That put a lot more students into the labor force,” said Mezger, who noted the state’s labor force hit an all-time high in May.
Mezger said the increased labor force numbers, helped by Volvo layoffs at the end of the reference week, combined to push jobless figures up in the New River Valley.
Nearly all NRV localities saw an increase in May.
Wythe County saw the biggest jump with a 4.6 percent rate in May compared to 3.9 percent in April. The number of unemployed rose to 712 in May.
Radford also saw a big increase — jumping from 4 percent in April to 5.1 percent in May — with 368 people unemployed.
Pulaski County recorded a 4.7 percent unemployment rate in May, up from 4.1 percent in April. The VEC reported 851 people in Pulaski County unemployed in May.
Montgomery County’s May rate stood at 3.6 percent with 1,565 unemployed, compared to 3.3 percent in April.
Only Giles saw a decrease in unemployment in May with a 4.2 percent rate — down from 4.4 percent in April. The VEC reports 352 people out of work in May.
Virginia’s unemployment rate went up one-half of a percentage point to 3.8 percent in May.

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