April 21, 2017 News & Press Releases

Virginia’s Unemployment Rate Drops to 3.8 Percent Under the McAuliffe Administration

by Katie Baker

RICHMOND, Va. - Governor McAuliffe announced today that Virginia's unemployment had reached a nearly nine-year low of 3.8 percent. March was the third consecutive month that unemployment in Virginia has dropped, falling to its lowest rate since May 2008.

Since Governor McAuliffe took office, Virginia's unemployment rate has dropped from 5.4% to 3.8%, with an added 191,600 new jobs. The governor's administration has also closed 908 deals that created $15.86 in capital investment - a Virginia record.

The drop in unemployment can be attributed to Governor McAuliffe and Virginia Democrats' efforts to grow the economy while stopping divisive job-killing legislation similar to North Carolina's HB2. The discriminatory "bathroom bill" is projected to cost the state more than $3.76 billion over a dozen years.At 4.9 percent, North Carolina's unemployment rate is more than one full percentage point higher than Virginia's.