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Number of employed decreases in Virginia

Virginia’s nonagricultural employment level has decreased 2.6 percent from May 2008 to May 2009.
The May 2008 nonagricultural employment level was 3,787,700, while the May 2009 level was 3,687,700, according to a press release from Bill Mezger, chief economist with the Virginia Employment Commission.
As for Virginia’s unemployment rate of 7.1 percent for May 2009, the state is ranked as having the 14th lowest jobless rate in the nation. Nebraska and North Dakota, both with 4.4. percent May seasonally adjusted unemployment, were the lowest-ranked states.
For May 2009, no major U.S. area had less than 5.7 percent seasonally unadjusted unemployment. According to the press release, of all the nation’s 371 metropolitan areas in May 2009, Charlottesville, at 5.9 percent unadjusted employment, was ranked the 46th best U.S. metropolitan area.
In the most recent 12-month period, three Virginia industrial sectors, including total government, private education and health care, and mining, still managed to add new jobs.
Total goverment jobs were up 11,000 or 1.6 percent, private education and health care were up 2,300 jobs or 0.5 percent, and mining was up 100 jobs, or 0.9 percent, according to VEC data.
Virginia’s job loss in the last year was largely caused by contractions in three industries, including construction, manufacturing and trade. However, cutbacks in professional and business services were also factors.
Construction jobs were down 33,100, or 14.6 percent, manufacturing jobs were down 27,000, or 10.1 percent, and trade was down 16,400 jobs, or 3 percent, according to VEC data.
Locally, in the Blacksburg-Christiansburg-Radford metropolitan area, jobs were down 0.7 percent, or 500, to 70,600.
The VEC press release states that the goods-producing combination of mining, construction, and manufacturing had a net loss of 6.7 percent, or 1,000, largely because of permanent and temporary layoffs in the motor vehicle-oriented factory sector. The service providing sector had a net gain of 0.9 percent, or 500, due to a 500 gain in university-dominated total government.

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Number of employed decreases in Virginia

Virginia’s nonagricultural employment level has decreased 2.6 percent from May 2008 to May 2009.
The May 2008 nonagricultural employment level was 3,787,700, while the May 2009 level was 3,687,700, according to a press release from Bill Mezger, chief economist with the Virginia Employment Commission.
As for Virginia’s unemployment rate of 7.1 percent for May 2009, the state is ranked as having the 14th lowest jobless rate in the nation. Nebraska and North Dakota, both with 4.4. percent May seasonally adjusted unemployment, were the lowest-ranked states.
For May 2009, no major U.S. area had less than 5.7 percent seasonally unadjusted unemployment. According to the press release, of all the nation’s 371 metropolitan areas in May 2009, Charlottesville, at 5.9 percent unadjusted employment, was ranked the 46th best U.S. metropolitan area.
In the most recent 12-month period, three Virginia industrial sectors, including total government, private education and health care, and mining, still managed to add new jobs.
Total goverment jobs were up 11,000 or 1.6 percent, private education and health care were up 2,300 jobs or 0.5 percent, and mining was up 100 jobs, or 0.9 percent, according to VEC data.
Virginia’s job loss in the last year was largely caused by contractions in three industries, including construction, manufacturing and trade. However, cutbacks in professional and business services were also factors.
Construction jobs were down 33,100, or 14.6 percent, manufacturing jobs were down 27,000, or 10.1 percent, and trade was down 16,400 jobs, or 3 percent, according to VEC data.
Locally, in the Blacksburg-Christiansburg-Radford metropolitan area, jobs were down 0.7 percent, or 500, to 70,600.
The VEC press release states that the goods-producing combination of mining, construction, and manufacturing had a net loss of 6.7 percent, or 1,000, largely because of permanent and temporary layoffs in the motor vehicle-oriented factory sector. The service providing sector had a net gain of 0.9 percent, or 500, due to a 500 gain in university-dominated total government.

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