Virginia Unemployment Rate June 2020

The Virginia unemployment rate rose to 49 percent in December while total nonfarm payroll employment increased by 800.

Virginia unemployment rate june 2020. According to the BLS current population survey CPS the unemployment rate for Virginia rose 01 percentage points in December 2020 to 49. Virginias Seasonally Adjusted Unemployment Rate Decreased to 49 Percent in November. RICHMONDThe Virginia Employment Commission VEC announced that the number of initial claims filed from mid-March through the June 13 2020 filing week totaled 849486 which surpassed twenty percent of pre-pandemic nonfarm employment according to figures released today. Seasonally adjusted nonfarm employment increased by 9300 jobs between June 2020 and July 2020 RICHMOND Virginias seasonally adjusted unemployment rate fell 01 percentage points in July to 80 percent which is 53 percentage points above the rate from a year ago.

The Virginia unemployment rate rose to 49 percent in December while total nonfarm payroll employment increased by 800 November 2020 Local Unemployment Rates Virginias Seasonally Adjusted Unemployment Rate Decreased to 49 Percent in November. Virginias unemployment rate shot up into the double digits in April due to the effects of the coronavirus pandemic and efforts to contain it. For the filing week ending June 13 the figure for seasonally unadjusted initial claims in Virginia was 27186. Basic Info Virginia Unemployment Rate is at 490 compared to 480 last month and 270 last year.

July 17 2020 Contact. This will prevent Virginias struggling businesses from having to devote critical resources to higher state payroll taxes. November 2020 Local Unemployment Rates. Virginias seasonally adjusted unemployment rate continues to be below the national rate which was unchanged at 67 percent.

Richmond Virginia 23261-6441 For Release. May 2020 to June 2020. October 2020 Local Unemployment Rates. Timothy Aylor Senior Economist Economic Information Analytics Division 804 486-2624 or 804 486-2473.

Estimates for the current month are subject to revision the following month. June 2019 to June 2020. The state unemployment rate was 18 percentage points lower than the national rate for the month. Rates shown are a percentage of the labor force.

By Associated Press Wire Service Content May 22 2020. Seasonally adjusted nonfarm employment increased by 19800 jobs between April 2020 and May 2020 RICHMOND Virginias seasonally adjusted unemployment rate fell 18 percentage points in May to 94 percent which is 66 percentage points above the rate from a year ago. The number of employed residents fell by 3388 to 4079547. According to the release Unemployment Insurance Employer Tax Rates for 2021 are assigned by the previous calendar year from July 1 2019 to June 30 2020.

Virginia nonagricultural wage and salary employment from the monthly establishment survey rose by 800 jobs in December to 3910000. Data refer to place of residence. The May statewide unemployment rate and employment data for both the state and metropolitan areas are scheduled to be released on Friday June 19 2020. 6606 West Broad Street.

RICHMOND Virginias seasonally adjusted unemployment rate fell 03 percentage points in November to 49 percent which is 22 percentage points above the rate from a year agoAccording to household survey data in November the labor force expanded by 16323 or 04 percent to 4286658 as the number of unemployed residents fell by 12464. In recalculating the tax rate for 2021 Executive Order Seventy-Four requires that the VEC not penalize businesses for lay-offs that occurred during the pandemic from April through June 2020. More Ellen Marie Hess Post Office Box 26441 CommissionerRichmond Virginia 23230. This is higher than the long term average of 466.

The unemployment rate in Virginia peaked in April 2020 at 112 and is now 63 percentage points lower. Virginias unemployment trust fund is all but depleted and the state could have turned to businesses to replenish it with a tax rate spike in 2021. According to the release Unemployment Insurance Employer Tax Rates for 2021 are assigned by the previous calendar year from July 1 2019 to June 30 2020.