Virginia’s unemployment rate held steady in January at 2.8 percent for the sixth consecutive month.
The state’s jobless rate was down from 3.3 percent in January 2018, the Virginia Employment Commission reported Monday.
The last time the rate was this low was in April 2001, when it also was 2.8 percent,
Virginia’s unemployment rate remained below the national rate, which was up one-tenth of a percent in January to 4 percent.
The rates have been adjusted for seasonal factors that can temporarily affect hiring.
Virginia’s jobless rate has held steady as the labor force in the state has expanded for seven consecutive months. The labor force grew by 7,183 in January to a total of more than 4.34 million, a new high.
From January 2018 to January 2019, employers added a net total of 44,100 jobs in Virginia, a job growth rate of 1.1 percent. It was the 58th straight month of job growth for Virginia, but the rate was still slower than the national job growth rate of 1.9 percent in January.
“The most recent employment report for Virginia was mostly positive,” said Joseph Mengedoth, associate regional economist for the Federal Reserve Bank of Richmond.
Every metro area in Virginia continued to report positive year-over-year employment growth, ranging from 1.8 percent in Northern Virginia to 0.1 percent in Blacksburg and Hampton Roads areas, Mengedoth noted.
Employers in the Richmond region added a net total of 9,400 jobs from January 2018 to January 2019, a job growth rate of 1.4 percent.