Virginia unemployment rate lower than national average

The Virginia Employment Commission has released a report detailing employment statistics across the Commonwealth. Experts say that the job market has a direct impact on the housing market -- good jobs allow homeowners to pay the mortgage and stay in their homes. Poor job markets can lead to declining property values.

Virginia’s unemployment rate was 7.7% in February, lower than the national rate of 10.4%.

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Posted on Thursday, April 8, 2010 - 8:29am