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County’s jobless rate holds steady

PULASKI COUNTY — Unemployment in Pulaski County held steady from June to July, according to figures released Wednesday by the Virginia Employment Commission.
Pulaski County recorded an 8.4 percent unemployment rate in July with 1,561 people unemployed, compared to 8.5 percent in June.
A year ago, Pulaski County’s unemployment stood at 5.6 percent, with only 1,024 people unemployed.
While Pulaski County’s jobless rate held fairly steady in July, the state’s unemployment rate rose from 4.2 percent in June to 4.4 percent in July, the highest it’s been in five years, according to William Mezger, chief economist for the VEC.
Mezger attributed the increase to more companies than usual having furloughs during July. “Traditional vacation furloughs occur in July, but there were 17 percent more this year because many small companies reported furloughs due to the economic slowdown,” Mezger stated.
The ongoing problems in the automotive industry continued to keep unemployment high in our area, but a furlough at Alliant Tech in Radford during the July 6-12 reference week helped boost unemployment in the New River Valley area even more last month.
Radford’s jobless rate jumped from 6.8 percent in June to 8 percent in July with 592 people unemployed — nearly a hundred more than in June. Montgomery County’s jobless rate jumped from 4.8 percent in June to 5.4 percent, while Wythe County’s rate rose from 6.2 percent to 7.1 in July.
Giles County’s rate remained steady at 5.9 percent.
Mezger noted that Pulaski County (8.4 percent) and Radford (8.0 percent) rates put them at 6th and 8th highest in unemployment out of the state’s 134 jurisdictions.

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County’s jobless rate holds steady

PULASKI COUNTY — Unemployment in Pulaski County held steady from June to July, according to figures released Wednesday by the Virginia Employment Commission.
Pulaski County recorded an 8.4 percent unemployment rate in July with 1,561 people unemployed, compared to 8.5 percent in June.
A year ago, Pulaski County’s unemployment stood at 5.6 percent, with only 1,024 people unemployed.
While Pulaski County’s jobless rate held fairly steady in July, the state’s unemployment rate rose from 4.2 percent in June to 4.4 percent in July, the highest it’s been in five years, according to William Mezger, chief economist for the VEC.
Mezger attributed the increase to more companies than usual having furloughs during July. “Traditional vacation furloughs occur in July, but there were 17 percent more this year because many small companies reported furloughs due to the economic slowdown,” Mezger stated.
The ongoing problems in the automotive industry continued to keep unemployment high in our area, but a furlough at Alliant Tech in Radford during the July 6-12 reference week helped boost unemployment in the New River Valley area even more last month.
Radford’s jobless rate jumped from 6.8 percent in June to 8 percent in July with 592 people unemployed — nearly a hundred more than in June. Montgomery County’s jobless rate jumped from 4.8 percent in June to 5.4 percent, while Wythe County’s rate rose from 6.2 percent to 7.1 in July.
Giles County’s rate remained steady at 5.9 percent.
Mezger noted that Pulaski County (8.4 percent) and Radford (8.0 percent) rates put them at 6th and 8th highest in unemployment out of the state’s 134 jurisdictions.

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