1 result for tag: rising wages


Editorial: Recognizing local employers for raising wages

By JAMES H. WALLACE January 7 2020 Businesses know the benefits of investing in their employees. Happier workforces lead to better productivity and turnover can be costly — especially in current times of low unemployment. On Friday, new figures from the Virginia Employment Commission showed the Richmond region unemployment rate was 2.6% in November. The area labor force grew to 694,760, and across Virginia’s 11 major metropolitan areas, unemployment was under 3%. Buchanan County had the highest unemployment rate at 5.5%. “The competition for talent is on, because low unemployment gives workers more options about where to work,” said ...