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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: nextrade! who wrote (16448)	1/29/2004 2:19:57 PM
From: Tradelite	Respond to of 306849

Fortunately, the employment picture isn't quite so bad everywhere lately, and actually is improving in some parts. _______ sun-gazette.com January 29, 2004 by SCOTT McCAFFREY Staff Writer Fairfax County’s unemployment rate dropped to 2 percent in November, according to figures from theVirginia Employment Commission, down more than 25 percent from the beginning of 2002 and approaching lows not seen since pre-Sept. 11 days. A total of 575,996 Fairfax residents were employed in the civilian labor force in November, with just 11,625 unemployed, according to state figures. The 2-percent unemployment rate in November was down from 2.1 percent in October and down from a 2003 peak of 2.8 percent recorded in February. The overall unemployment rate for 2003 will be reported later this month. In 2002, the overall unemployment rate stood at 3 percent, its highest level since 1994. The lowest level in recent years was the 1.2-percent unemployment rate recorded in 2000. While the tourism sector was hurtby the Sept. 11, 2001, terrorist attacks, other parts of the economy, notably Northern Virginia’s strong technology and national defense industries, have benefited. The overall unemployment rate across Virginia in November stood at 3.3 percent.