Virginia’s Unemployment Rate Dips

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Barry DuVal, President and CEO of the Virginia Chamber of Commerce, has issued the following statement regarding the Virginia Employment Commission’s announcement that the Commonwealth’s unemployment rate in January was 5.8%, the lowest mark in 3 years.

“Virginia’s decline in January unemployment figures sends a strong signal that Virginia’s economy is strong and over the past year, job creators are investing and creating new jobs.

“This is welcome news, and considering the fact that Site Selection Magazine has just rated Virginia as one of the top five states in attracting capital investment projects, the Commonwealth is well on track to add more jobs in 2012.  The Virginia Chamber continues to work to ensure that the Commonwealth has a stable and predictable business climate that allows the private sector to innovate and stimulate the economy.

“By putting the long-term health of Virginia ahead of short-term politics, Virginia will continue to be the best state for business and will lead the nation in private sector job growth.”

Established in 1924, the Virginia Chamber of Commerce is the state’s largest business advocacy organization with more than 12,000 members.