Governor Bob McDonnell issued the following statement this morning following news that Virginia's unemployment rate has declined for the fourth straight month. The unemployment rate for the month of March was 5.6%. That is the lowest unemployment rate in Virginia in over 3 years, and a decline from 5.7% in February. Virginia has the lowest unemployment rate in the Southeast, and the third-lowest unemployment rate east of the Mississippi River. The national unemployment rate for March was 8.2%.
"Virginia is growing strong again. Today we received word that the state unemployment rate has now declined for the fourth straight month. At 5.6% our unemployment rate is far below the national unemployment rate of 8.2%. We have the lowest unemployment rate in the Southeastern United States. And we have fallen far below the 7.3% unemployment rate we inherited when taking office in January 2010. All of this means: more Virginians are working today. That is a good thing. It is a bipartisan accomplishment.