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    Unemployment drops in D.C. Metropolitan area for November

    According to Bureau of Labor Statistics unemployment fell in Virginia to 5.4 percent in November from its previous October rate of 5.6 percent.

    While the number isn't statistically significant, it is promising that the area reduced unemployment in the face of the government shutdown and other uncertainties in the economy.

    Virginia follows 45 other states that saw a decrease in unemployment for the month of November.

    The entire Metro area looked good for the month as Virginia, Maryland, West Virginia and Washington, D.C. all saw declines in unemployment.

    The Loudoun unemployment rate for October was 4.3 percent. Figures are not yet available from the Bureau of Labor for each county in Virginia.

    Another important aspect to the unemployment discussion is the fact that long-term unemployment insurance was cut off for 1.3 million of the nation's unemployed Dec. 28.

    According to the Congressional Ways and Means Committee almost 10,000 Virginians lost this kind of aid immediately. In addition, more than 30,000 are likely to lose their benefits at some point in the first six months of 2014.

    The insurance policy helped job seekers who were unemployed for longer than 27 weeks.

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    Loudoun Business Journal - Summer 2014

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