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Va. Unemployment Reaches Decade High

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Virginia's unemployment rate rose in August to its highest level in more than a decade.

State figures released Tuesday show the jobless rate increased by 0.1 percentage point in August to 4.6 percent, the highest rate since January 1997. The national unemployment rate was 6.1 percent.

The greater Richmond region's average jobless rate was 5 percent in August, an increase of 0.3 percentage point from July.

The Charlottesville region's jobless rate was 4.1 percent, the highest level in at least six years.

Martinsville continued to see double-digit unemployment. Its jobless rate was 12.1 percent, the same as in July.

Virginia Employment Commission chief economist William Mezger said there are no signs of improvement and he expects unemployment to continue to rise.

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View More: Business_Finance, Charlottesville, Chief Economist, Labor, Martinsville, Virginia, Virginia Employment Commission, William Mezger
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