Annual summit creates connections

THE NEWS VIRGINIAN FILE Virginia Secretary of Agriculture and Forestry Bettina Ring speaks at the seventh annual Valley Business Summit at Blue Ridge Community College in August.

More Central Virginia residents are finding work as jobless rates continue to drop.

Area unemployment fell in October from the previous month, continuing a year-over-year decline.

The Charlottesville Metropolitan Statistical Area’s unemployment rate was 2.1% in October, down from 2.2% in September and 2.4% in October 2018, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics.

The Charlottesville MSA currently covers the city and Albemarle, Fluvanna, Greene and Nelson counties.

The MSA’s total labor force was 123,015 in October, and 120,393 people were employed.

In the city of Charlottesville, unemployment remained steady at 2%, but was down from 2.3% in October 2018.

The city was tied for the lowest rate in the area with Fluvanna, which remained steady at 2% and dropped from 2.3% in October 2018.

Albemarle County’s jobless rate was 2.1%, down from 2.2% in September and 2.5% a year before.

The county’s labor force was 57,610, with 56,374 people employed.

Greene’s October unemployment rate was 2.1%, Nelson’s was 2.2% and Louisa’s was 2.3%.

Virginia’s seasonally adjusted unemployment rate in October was 2.6%, down 0.1 percentage point from September and 0.2 percentage point from the prior year.

Nationally, unemployment rose from 3.5% to 3.6% in October.

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