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Business Insider

Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Area jobless rate falls in August

The Fredericksburg-area unemployment rate fell to 5.7 percent in August, its lowest mark this year, according to information released today by the Virginia Employment Commission. It was the first time since December that the jobless rate in the area (Fredericksburg, Stafford, Spotsylvania, King George and Caroline) has fallen below 6 percent. It was also the second-straight monthly decline (6.3 percent in June, 6 percent in July). Stafford’s rate was 4.9 percent, which meets economists’ definition of full employment. The area jobless rate was, however, above last August’s 4.1 percent rate and the highest rate for August since 1992.

Click here to look up historical unemployment data.

Click here to read the news release from the VEC.

See tomorrow’s FLS for more on this story.

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