City's unemployment rate dropsThis is a good thing, right?
By Bernard Baker, Danville Register & Bee staff writer
The jobless rate in the Danville metropolitan area, which includes Danville and Pittsylvania County, dropped from 8 percent in June to 7.6 percent in July. The unemployment rate was 8.4 percent in July 2005. (link)
Well, if only it weren't for that pesky denominator in the unemployment equation:
Danville: Still on a glide path to 0% unemployment.
The [Virginia Employment Commission’s] report, however, also showed that the labor force continued to shrink in the Danville metropolitan area.
The work force number was 50,480 in July. That was down from 51,890 in June and 51,960 in July 2005.