Unemployment Rate Down In August

Numbers Drop Throughout Valley; Virginia Holds Steady

Posted: October 4, 2012

HARRISONBURG — The unemployment rate in the Harrisonburg area fell to 5.9 percent in August from 6.5 percent in July, according to figures released Wednesday by the Virginia Employment Commission.

That’s down from the 6.4 percent jobless rate in August 2011.

August is typically a transition month between the summer and fall labor markets, with unemployment falling as students leave summer jobs to return to school, the VEC reports.

Local unemployment rates are not adjusted to take into account such seasonal factors.

In the city, unemployment declined from 8 percent in July to 7.1 percent in August. Rockingham County’s rate fell from 5.6 percent to 5.2 percent.

Shenandoah County’s rate dropped from 6.9 percent to 6.2 percent, while in Page County the jobless rate was down from 9.1 percent to 8.8 percent.

Virginia’s seasonally adjusted rate held steady at 5.9 percent in August, while the unadjusted rate fell from 6.1 percent in July to 5.8 percent in August.

Nationally, the adjusted rate declined from 8.3 percent to 8.1 percent, and the unadjusted rate dropped from 8.6 percent to 8.2 percent.

Unemployment rates also are down compared to figures from a year ago.

In August 2011, Harrisonburg had a jobless rate of 7.6 percent; Rockingham County’s rate was 5.6 percent.

Shenandoah County’s unemployment rate stood at 7 percent, while Page County had a 10.7 percent rate during the same month last year.

Virginia had a seasonally adjusted rate of 6.4 percent and an unadjusted rate of 6.5 percent in August 2011.

The national adjusted and unadjusted rates a year ago were both 9.1 percent.

Contact Doug Manners at 574-6293 or dmanners@dnronline.com

 
 

 



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