Virginia’s unemployment had its largest drop in a year in June, down to a 2.8 percent unemployment rate, while labor participation stayed stable at 63.8 percent. Governor Glenn Youngkin highlighted the result in a Friday press release. “The June unemployment rate dropping to 2.8 percent is promising news for Virginia’s economic health and is a welcome […]
After 3 months in office, Gov. Glenn Youngkin’s administration says that it has wiped out a backlog of nearly 250,000 jobless claims it inherited and has reduced the number of unpaid claims pending adjudication to a few thousand. The Virginia Employment Commission, an agency whose performance during the height of the pandemic in 2020 and […]
“The U.S. market is responding to this foundation of economic strength…With a [reading] that high, it’s very unlikely that there’s a recession on the horizon,” said Tracie McMillion, global head of asset allocation for the Wells Fargo Investment Institute.
Democratic House Minority Leader Nancy Pelosi signaled at a Tuesday press conference that her opposition party, if they gain control of Congress this November, will be rolling back the Trump tax cuts.
