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Iowa Unemployment Rate Falls to 5.6 Percent
Posted 25 January, 2012
Iowa’s
seasonally adjusted unemployment rate fell to 5.6 percent in December,
the lowest level reported since June 2009. The current rate compares
with 5.7 percent for November, and 6.1 percent for December 2010. The
U.S. unemployment rate dropped for the fourth straight month in
December to 8.5 percent. The November rate was revised to 8.7 percent,
and the December 2010 rate stood at 9.4 percent.
“The state’s economy ended 2011 in a better place than was expected
just a few months ago,” said Teresa Wahlert, director of Iowa Workforce
Development. “Both the labor force and total employment are beginning
to trend upward, and the unemployment rate has fallen considerably
below the 6.0 percent mark.”
The statewide estimate of unemployed persons fell to 93,500 in December
from 94,700 in November. The level of unemployed persons stood at
102,600 one year ago.
The total number of working Iowans increased to 1,565,500 in December
from 1,562,000 in November. Iowa’s measure of total employment began to
increase in November after declining since May.
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