Richmond’s unemployment rate ticked up in October, but that isn’t necessarily a bad thing.
First, the increase was small.
The unemployment rate was up one tenth of a percent, just a bit.
September was 4.1 percent and October was 4.2
Those percentages are not seasonally adjusted, and Ann Lang, Senior Economist at the Virginia Employment Commission, says it was caused in part by the region’s labor force growing larger and more people looking for work.