Post-COVID Unemployment Figures Continue to Improve in Gloucester
Gloucester County continues to see improvement in its economy following the height of the COVID-19 pandemic. According to the August unemployment figures released last week by the Virginia Employment Commission, the unemployment rate in August is 3.2%, down from 3.3% in July. Also, the number of unemployed residents in August was 608, down from 633 in July.
“The numbers continue to decrease, indicating that our residents are finding new job opportunities,” said Sherry Spring, Gloucester’s Economic Development Director. “The really good news is that we are getting closer to our lowest unemployment rate of 2.5%, which was the rate before COVID-19 hit in March of 2020.” In April of 2020, Gloucester’s unemployment rate had climbed to 10.2% as the pandemic forced some businesses to lay off their employees.
Spring added that Gloucester’s August unemployment rate remains lower than the statewide rate of 3.8%, and the rate of the Hampton Roads region, which sits at 4.4%.
“These numbers indicate that our local businesses are eager to hire and that our residents want to get back to work,” Spring added.