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County jobless rate increases

Unemployment in Pulaski County rose in November by a half of one percent to 7.5 percent, according to figures released Tuesday by the Virginia Employment Commission.
During the month, 1,415 people were reported as unemployed in Pulaski County, according to Bill Mezger, chief economist with the VEC.
November’s figures are up from those of October when unemployment stood in Pulaski County at 7 percent with 1,338 unemployed.
The November rate this year is nearly double what is was last November when the jobless rate stood at 4 percent with 736 people unemployed.
Virginia saw a similar increase statewide, edging up to an unadjusted rate of 4.6 percent in November from 4.2 percent in October.
The same held true for the Blacksburg-Christiansburg-Radford market area (of which Pulaski County is included), which recorded an increase from 5.1 percent and 4,070 unemployed in October to 5.6 percent and 4,460 unemployed in November.
Mezger said this area mirrored the state in the reason for the nearly half-point rise in unemployment.
“In November there are always more people out looking for work for the holidays with many trying to land jobs by Thanksgiving. That, along with there being more furloughs around the end of the year due to the generally slower economy helped push unemployment up,” Mezger explained.
He noted short-term furloughs around Thanksgiving and Veterans Day, especially in the auto related industries and heavy manufacturing were particularly to blame.
Mezger noted that this area’s unemployment picture was helped a good deal by increased hiring at the area’s universities.
“It definitely seems to be going better there (New River Valley) when the colleges are in session,” he said.
“They are helping employment levels and, to some extent, are canceling out some of the auto industry layoffs,” Mezger said.
Every jurisdiction in the New River Valley saw similar increases in their unemployment rates for the month.
Wythe County stood at 7.2 percent, up from 6.4 percent in October.
Giles County recorded a 6 percent rate compared to 5.4 percent in October.
Radford is at 5.9 percent, up from 5.4 percent.
Montgomery County rose to 4.7 percent, up from 4.1 in October.

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County jobless rate increases

Unemployment in Pulaski County rose in November by a half of one percent to 7.5 percent, according to figures released Tuesday by the Virginia Employment Commission.
During the month, 1,415 people were reported as unemployed in Pulaski County, according to Bill Mezger, chief economist with the VEC.
November’s figures are up from those of October when unemployment stood in Pulaski County at 7 percent with 1,338 unemployed.
The November rate this year is nearly double what is was last November when the jobless rate stood at 4 percent with 736 people unemployed.
Virginia saw a similar increase statewide, edging up to an unadjusted rate of 4.6 percent in November from 4.2 percent in October.
The same held true for the Blacksburg-Christiansburg-Radford market area (of which Pulaski County is included), which recorded an increase from 5.1 percent and 4,070 unemployed in October to 5.6 percent and 4,460 unemployed in November.
Mezger said this area mirrored the state in the reason for the nearly half-point rise in unemployment.
“In November there are always more people out looking for work for the holidays with many trying to land jobs by Thanksgiving. That, along with there being more furloughs around the end of the year due to the generally slower economy helped push unemployment up,” Mezger explained.
He noted short-term furloughs around Thanksgiving and Veterans Day, especially in the auto related industries and heavy manufacturing were particularly to blame.
Mezger noted that this area’s unemployment picture was helped a good deal by increased hiring at the area’s universities.
“It definitely seems to be going better there (New River Valley) when the colleges are in session,” he said.
“They are helping employment levels and, to some extent, are canceling out some of the auto industry layoffs,” Mezger said.
Every jurisdiction in the New River Valley saw similar increases in their unemployment rates for the month.
Wythe County stood at 7.2 percent, up from 6.4 percent in October.
Giles County recorded a 6 percent rate compared to 5.4 percent in October.
Radford is at 5.9 percent, up from 5.4 percent.
Montgomery County rose to 4.7 percent, up from 4.1 in October.

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