State unemployment rate drops to 5.7 percent
State unemployment rate drops to 5.7 percent
This November, Iowa’s unemployment rate dropped to 5.7 percent, marking the first time the rate has been lower than 6 percent since September 2009. The state’s jobless rate was 6 percent in October and 6.2 percent in November 2010.
The U.S. rate for November also reflected a sharp drop, falling to 8.6 percent from 9 percent in October.
The statewide estimate of unemployed persons fell to 95,000 in November from 98,700 in October, which is the second consecutive month unemployment has dropped below 100,000. Unemployment was reported at 103,100 one year ago.
The total number of working Iowans edged up slightly to 1,562,000 in November from 1,558,300 in October.
Once again, manufacturing continued to be a strong factor in the recovery, adding 1,100 jobs. Meanwhile, leisure and hospitality lost 1,900 jobs in November, with losses heaviest in recreation and leisure activities. Professional and business services was down 1,300, with almost half of the losses concentrated in scientific, technical and professional services.
This November, Iowa’s unemployment rate dropped to 5.7 percent, marking the first time the rate has been lower than 6 percent since September 2009. The state’s jobless rate was 6 percent in October and 6.2 percent in November 2010.
The U.S. rate for November also reflected a sharp drop, falling to 8.6 percent from 9 percent in October.
The statewide estimate of unemployed persons fell to 95,000 in November from 98,700 in October, which is the second consecutive month unemployment has dropped below 100,000. Unemployment was reported at 103,100 one year ago.
The total number of working Iowans edged up slightly to 1,562,000 in November from 1,558,300 in October.
Once again, manufacturing continued to be a strong factor in the recovery, adding 1,100 jobs. Meanwhile, leisure and hospitality lost 1,900 jobs in November, with losses heaviest in recreation and leisure activities. Professional and business services was down 1,300, with almost half of the losses concentrated in scientific, technical and professional services.
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