nvdaily.com link to home page
Home | Archive | Weather | Traffic
Subscribe | Guide to the Daily


Business arrow arrow Archives

Posted January 7, 2009 | Copyright © The Northern Virginia Daily
Print This | Buy Photos | Get E-mail Alerts | Follow Us on Twitter | Fan Us on Facebook |

Local jobless rate reaches 5.1 percent

Winchester-area unemployment spiked to 5.1 percent in November, the region's worst showing since January 1996.

The local jobless rate jumped nearly a full point from 4.2 percent in October. It was the second-biggest increase among Virginia metro areas behind Danville, which swelled more than two points to 11.8 percent in November.

Approximately 3,410 area workers drew unemployment benefits during the Virginia Employment Commission's reference week of Nov. 9-15. For purposes of employment, the Winchester metro area includes the city, Frederick County and Hampshire County, W.Va.

According to VEC Chief Economist William F. Mezger, more workers were on factory furloughs around the Veterans Day and Thanksgiving holidays due to the weakening economy, and many people were still in the process of applying for seasonal jobs in mid-November.

Statewide, unemployment rose four-tenths of a point to 4.6 percent in November.

The December unemployment rate will probably be near the November level, according to Mezger. Many of the workers seeking holiday employment in November are hired by December, he said, although merchants generally had a poor holiday season in 2008. There were also more factory furloughs last month, he said.

Virginia appears on the verge of a recession, Mezger said, and will likely be in one by the spring.

-- Daily Staff Reports

Leave a comment



Related category entries

This story was filed in the category. View more entries in this category:








top-jobs-logo.jpg



Categories

Archives






News | Sports | Business | Lifestyle | Obituaries | Opinion | Multimedia| Entertainment | Homes | Classified
Guide to the Daily: Advertise | Circulation | Contact Us | NIE | Place a Classified | Privacy Policy | Subscribe

Copyright © The Northern Virginia Daily | nvdaily.com | 152 N. Holliday St., Strasburg, Va. 22657 | (800) 296-5137

nvdaily.com
The best small daily newspaper in Virginia