SHARP DECLINE.... in local area unemployment rate!?!


SHARP DECLINE.... in local area unemployment rate!?!
By Scott Rogers • June 9, 2016
The local unemployment rate dropped quickly, drastically, sharply in April 2016. Waaaaay down to 3.2% -- which is the lowest rate on record in the past six years -- by far. Read some commentary on this news via last week's Daily News Record article, excerpted below. Unemployment in the Harrisonburg metropolitan area hit an eight year low in April, according to data released Wednesday by the U.S. Bureau of Labor Statistics. But part of the data supporting the jobless rate has local economic development directors scratching their heads. Rockingham County was credited with a 2.9 percent unemployment rate in April, well below the 3.8 percent rate recorded in March and the previous April. It marked the first time the rate has been below 3 percent since April 2008. The drop in the city was greater. The jobless rate was 3.6 percent in April, 1.2 percentage points lower than March and 1.1 percentage point below the April 2015 rate. It, too, was Harrisonburg's lowest rate since April 2008. Combined, 3.2 percent of people looking for work in the metro area, which includes the city and county, couldn't find it in April. That was well below March's unemployment rate of 4.2 percent and the 4.1 percent rate posted in April 2015. According to the BLS, only 852 city resident and 1,153 county residents who were seeking work were without jobs, with 166 more Harrisonburg residents and 661 Rockingham residents working in April when compared to March. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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